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宏观观察2024年第38期:《中共中央关于进一步全面深化改革,推进中国式现代化的决定》解读系列之六,以开放促改革,创新提升服务贸易
Zhong Guo Yin Hang·2024-08-13 06:25

Group 1: Economic Overview - The "Decision" emphasizes that "openness is a distinct feature of Chinese modernization" and highlights the importance of "improving the high-level opening-up system" as a key aspect of comprehensive reform[2] - China's service trade has accelerated, with import and export volumes ranking second globally, and export volume ranking third globally[2] - From 2014 to 2023, China's service trade import and export volume increased from $568.56 billion to $874.05 billion, with an average annual growth rate of 4.9%[6] Group 2: Challenges and Structural Issues - China's service trade faces challenges such as an unbalanced import and export structure, a need to enhance international competitiveness, and profound adjustments in international economic and trade rules[2] - The service trade deficit has expanded, with the deficit rising from $198 billion in 2014 to $229.94 billion in 2023, although it remains below the peak of $291.57 billion in 2018[8] - Traditional services like travel and transportation account for a significant portion of the service trade deficit, which increased from 57.4% in 2014 to 79% in 2023[10] Group 3: Strategic Recommendations - It is recommended to further expand institutional openness in service trade and optimize the negative list management model for cross-border service trade[24] - Improving the competitiveness of key areas contributing to the service trade deficit, such as travel and intellectual property, is essential[24] - Enhancing financial services to support high-level economic openness and adapting to the needs of enterprises going global is crucial[25]