Core Insights - China's service trade is experiencing robust growth, with a significant increase in both scale and structural optimization, contributing positively to global economic development [1][2] - The service trade sector is projected to grow from $661.72 billion in 2020 to $1,056.46 billion by 2024, reflecting an annual growth rate of 12.4%, outpacing goods trade [1] - Key urban clusters such as the Yangtze River Delta, Beijing-Tianjin-Hebei, and Guangdong-Hong Kong-Macao Greater Bay Area are playing a pivotal role in driving service trade development [1] Group 1 - In October, China's international balance of payments for goods and services trade reached 42,858 billion yuan [1] - The total service trade import and export volume exceeded $737 billion in the first eight months of the year [1] - The narrowing of the service trade deficit and enhanced coordination in imports and exports indicate a healthier trade balance [1] Group 2 - Challenges facing China's service trade include the need for improved overall competitiveness, structural optimization, and reduced regional disparities [2] - There is a call for increased participation in global digital service trade standards, as decision-making power is largely held by Western countries [2] - Future strategies should focus on institutional openness, digital innovation, and industry integration to foster service trade growth [2] Group 3 - Accelerating the construction of new infrastructure is essential for enhancing the digital transformation of service trade [3] - Collaboration among enterprises, universities, and research institutions is necessary to overcome core technology challenges [3] - Active engagement in international negotiations on high-standard economic and trade rules is crucial for improving international competitiveness [3]
打造对外贸易更强劲新引擎
Jing Ji Ri Bao·2025-12-09 00:28