Core Insights - The China Export & Credit Insurance Corporation (Sichuan Branch) is actively enhancing service trade to support high-quality development in Sichuan and Tibet, achieving a 60% year-on-year growth in service trade exports under export credit insurance by September 2025 [1] Group 1: Expansion of Service Trade Support - Since 2016, the Sichuan Branch has been expanding its coverage in service trade insurance, now supporting various sectors including overseas engineering design and cross-border logistics, with service trade exports reaching 280 million RMB from January to September 2025 [2] - The branch has issued two insurance policies for cross-border internet advertising services, marking a breakthrough in this sector, with support for advertising service exports amounting to 484,000 USD by September 2025 [2] Group 2: After-Sales Service Innovations - The Sichuan Branch facilitated a contract worth over 44 million USD for the return maintenance of exported locomotives, addressing quality and cost issues associated with local repairs [3] - The branch upgraded the export credit insurance platform in Tibet to include service trade exports, aiding in the development of a crucial trade route to South Asia [3] Group 3: Innovative Insurance Models - The Sichuan Branch is developing customized insurance policies for service trade, addressing unique challenges such as the high value of equipment used in overseas services [4] - A dual insurance model combining goods and services has been implemented to support the export of 5G application systems, with expected exports exceeding 6 million USD for the year [4] Group 4: Financial Support for Service Trade - The Sichuan Branch has established a credit insurance platform in Zigong, supporting service trade exports totaling over 8 million USD, and has provided rapid compensation for losses incurred by local enterprises [6] - The branch is also addressing credit risks in cross-border logistics by insuring receivables from multi-modal transport, with coverage exceeding 460,000 USD by September 2025 [6] Group 5: Collaboration with Financial Institutions - The Sichuan Branch is working with banks to expand financing support for service trade insurance policies, particularly for overseas power project contracts [7]

Core Viewpoint - China's foreign trade is under pressure but showing signs of stability and improvement in the first three quarters of the year, with the Ministry of Commerce planning to enhance policy effectiveness, promote trade, and deepen cooperation [1][2] Group 1: Policy Implementation - The Ministry of Commerce aims to implement existing foreign trade policies effectively, providing financial, employment, and facilitation services to foreign trade enterprises [1] - There is a focus on "precise matching of needs" and "smoothening the last mile" in policy execution to support foreign trade enterprises [1][2] - Financial institutions are encouraged to develop flexible foreign exchange risk hedging products and cross-border settlement services tailored to the characteristics of foreign trade enterprises [1][2] Group 2: Employment and Training - A "supply-demand bridge" will be established to connect foreign trade enterprises with local governments and industry associations for targeted skills training in areas like cross-border e-commerce and foreign language customer service [1][2] - A mechanism will be created to align enterprise labor needs with the labor market [1] Group 3: Trade Facilitation - Continuous optimization of customs processes is planned, including the establishment of "green channels" to shorten cargo clearance times [1] Group 4: Structural and Policy Changes - The global economic recovery is uneven, and geopolitical tensions are increasing, leading to structural and cyclical risks for foreign trade [2] - There is a need for a diversified policy toolbox to address the changing landscape of foreign trade, particularly as it shifts towards high-tech and high-value-added sectors [2] - New policies are expected to focus on digital trade, green trade, and service trade as emerging growth engines [2][3] Group 5: Digital and Green Trade Initiatives - In digital trade, potential policies may include establishing a cross-border data flow facilitation list and supporting platform enterprises in building global digital infrastructure [3] - For green trade, policies may focus on creating a carbon footprint accounting system for export products to comply with international standards and providing financial incentives for low-carbon transitions [3] - In service trade, there may be efforts to reduce market access barriers for knowledge-intensive services and encourage global delivery through digital means [3]

Group 1 - The core viewpoint of the article is the initiation of a specialized seminar aimed at promoting the institutional opening of Hainan Free Trade Port [1][2] - The seminar is organized by the Organization Department of the CPC Hainan Provincial Committee and hosted by the China (Hainan) Reform and Development Research Institute [3] - The seminar lasts for five days and includes lectures from over ten experts on topics such as service trade, digital trade, financial policy innovation, international tourism consumption center, and RCEP outlook [3] Group 2 - The first lecture was delivered by Chi Fulin, the president of the China (Hainan) Reform and Development Research Institute, focusing on the specific context of accelerating institutional opening under the backdrop of a century of changes [3] - The training program employs various formats including thematic lectures, case analysis, special discussions, and on-site teaching to provide diverse training on the institutional opening of Hainan Free Trade Port [3] - A total of 52 provincial-level leaders from provincial departments, cities, counties, and state-owned enterprises participated in this training [3]

Core Insights - The global service trade is increasingly significant, with a projected service export value of $88,521.7 million in 2024, representing a year-on-year growth of 9.9%, outpacing goods export growth by 7.6 percentage points [1] - China's service trade is expanding, with a total service import and export value of $10,564.6 million in 2024, marking a 13.2% increase and surpassing the $1 trillion mark for the first time, ranking second globally after the United States [1] - The Chinese government has introduced comprehensive policy measures to enhance service exports, focusing on improving international competitiveness and supporting high-quality foreign trade development [1][3] Group 1: Service Trade Growth - Service trade is a crucial support for stabilizing foreign trade and building a strong trade nation, with an average annual growth rate of 12.4% from 2020 to 2024, exceeding the growth rate of goods trade [1] - In 2024, service trade's contribution to foreign trade growth has significantly increased, becoming an important engine for stabilizing foreign trade [2] Group 2: Policy Measures - The new policy measures include 13 specific initiatives across four main areas: fiscal and tax policies, financial support, facilitation, and international market expansion [4] - The fiscal policy focuses on clarifying key areas and projects for service exports, while financial policies aim to enhance financial services for small and micro enterprises [4] - Facilitation policies are designed to promote the free flow of capital, personnel, technology, and data, supporting the development of new service export models [4] Group 3: Export Potential - The policy measures are expected to significantly boost knowledge-intensive service exports by leveraging existing funding channels to support sectors like digital services, high-end design, and intellectual property [5] - Traditional service exports, particularly in travel services, are targeted for growth, with measures to expand visa facilitation and enhance inbound tourism services [5] - The focus on enhancing service exports is anticipated to strengthen China's international competitiveness in service trade, contributing to high-quality economic development [5]

Core Insights - China's service exports are experiencing significant growth, with an average annual increase of 7.3% from 2014 to 2024, driven by both domestic and international demand for services [1][7][10] - The Chinese government has introduced new policies to promote service exports, aiming to enhance international competitiveness and support various sectors [7][8][10] Group 1: Service Trade Growth - The service trade in China has shown resilience amid global uncertainties, with service import and export totals reaching 52,476.9 billion yuan, a year-on-year increase of 7.4% [4] - Knowledge-intensive service exports have surpassed 11,784 billion yuan, growing by 9.4% and accounting for over 50% of total service exports [4][5] Group 2: Policy Support and Market Development - The Chinese government has implemented practical measures to facilitate service exports, including optimizing tax refund processes and enhancing financial services for small and medium enterprises [8][10] - Specific sectors such as digital services, high-end design, and supply chain services are being prioritized for support under the new policies [7][8] Group 3: Industry Trends and Opportunities - The integration of digital technology with service offerings is creating new business models, allowing for a comprehensive service solution rather than isolated services [5] - Cultural products and creative services, such as gaming and online literature, are gaining traction in international markets, with companies like NetEase successfully expanding their global presence [9][10] Group 4: Regional Initiatives - Various provinces are actively developing their service trade capabilities, with Zhejiang aiming for service import and export totals exceeding 8,500 billion yuan by 2027 [11]

Core Insights - The global service trade is increasingly significant, with a projected export value of $885.2 billion in 2024, marking a 9.9% year-on-year growth, outpacing goods export growth by 7.6 percentage points [1] - China's service trade is expanding, with a total import and export value of $1,056.5 billion in 2024, a 13.2% increase, making it the second-largest globally after the U.S. [1][3] - The Chinese government has introduced comprehensive policy measures to enhance service exports, focusing on financial, tax, facilitation, and international market expansion strategies [4][5] Group 1: Global Service Trade Trends - The service export share of global exports reached 26.6% in 2024, the highest since 2005 [1] - China's service trade annual growth rate from 2020 to 2024 is 12.4%, surpassing the growth rate of goods trade [1] Group 2: China's Service Trade Position - In 2024, China's service trade deficit is projected at $164.7 billion, indicating a need to enhance service export competitiveness [3] - China ranks second globally in service trade total and imports, while its service export ranks fifth [3] Group 3: Policy Measures for Service Export - The new policy includes 13 specific measures across four main areas: finance, taxation, facilitation, and international market development [4] - Emphasis is placed on optimizing existing policies and expanding service export areas, particularly in knowledge-intensive services [5] Group 4: Expected Benefits of New Policies - The policies aim to boost knowledge-intensive service exports by leveraging existing funding channels and supporting new business models [5] - Traditional service exports, particularly in travel, are targeted for growth to reduce the service trade deficit, with measures to enhance visa policies and promote inbound tourism [5]

Core Insights - China's service exports are experiencing significant growth, with an average annual increase of 7.3% projected from 2014 to 2024, rising from $219.1 billion to $445.9 billion [15][18] - The Ministry of Commerce and nine other departments have introduced new policies to promote service exports, focusing on digital services, high-end design, and supply chain services [15][16] - The global service trade is expected to maintain growth, with the WTO forecasting a 4.0% increase in global service exports by 2025 [18] Service Trade Growth - In the first eight months of this year, China's service trade reached a total of 52,476.9 billion yuan, a year-on-year increase of 7.4%, with exports growing by 14.7% to 23,004.4 billion yuan [12][18] - Knowledge-intensive service exports accounted for over 50% of total service exports, with a 9.4% year-on-year growth, highlighting the increasing competitiveness of high-tech services [12][15] Policy Support - The new policies aim to streamline export tax refund processes and enhance financial services for small and medium-sized enterprises, improving the overall efficiency of service exports [16][19] - Specific measures include optimizing the declaration process for service export tax refunds and expanding export credit insurance coverage [16][19] Market Opportunities - The cultural and creative sectors, including gaming and digital content, are expanding internationally, with companies like NetEase successfully launching over 30 games in global markets [17] - Various provinces are actively developing service trade, with Zhejiang aiming for service imports and exports to exceed 850 billion yuan by 2027, accounting for over 10% of the national total [19] Future Outlook - The service trade sector is expected to benefit from favorable conditions in the second half of the year, with continued growth in travel services and knowledge-intensive exports [18][19] - The Ministry of Commerce is committed to implementing policies that support high-quality development in service trade, ensuring a conducive environment for growth [18][19]

在长江经济带高质量发展与中部地区崛起的战略交汇处，武汉正以九省通衢的区位优势重塑新时代开放 坐标。 2024年，武汉社会消费品零售总额达8629.3亿元，稳居全国前十；进出口额首次突破4000亿元，创历史 新高；对外承包工程新签合同额134.93亿美元，连续4年保持全国第一。这些核心指标的同步领跑，彰 显了武汉商务经济发展的强劲动能。 首店新品引进，商圈商街升级，服务消费不断创新，独具特色的城市消费名片不断涌现。武汉正主动适 应形势变化，进一步优化消费空间布局，打造高品质城市商业名片，加快培育建设国际消费中心城市。 2024年，武汉市以5.3%的社零额增幅跃升至全国19个副省级及以上城市第一位，2025年1—8月以6.1% 的增速继续保持全国副省级及以上城市前列，并获评央视"美好消费典范城市"。 外贸突围：新业态打开全球化新通道 在全球贸易格局深度重构的背景下，武汉市对外贸易展现出强劲韧性，同样交出了一份亮眼答卷。2024 年，全市外贸进出口总额首次突破4000亿元，"十四五"以来年均增长10.5%，居全国19个副省级及以上 城市第四、中部第一 。今年1—8月，全市外贸进出口增长17.1%，跃升至全国副省级及 ...

开幕式上，来自山西隰县、河北青龙满族自治县、云南勐海县、海南海口、辽宁沈阳、河北石家庄、河 北保定、陕西柞水县等8个市县的代表集中推介了当地农产品。隰县玉露香梨、河北赞皇大枣、海南椰 子等受到商户关注。 隰县玉露香梨产业协会会长张利州介绍，今年，隰县玉露梨产量约1亿斤，每年约有20%销往北京。"借 力此次推介，希望玉露梨在北京的销售占比能达50%。" 机器人大厨现场制作餐点、30余家企业达成战略合作、东盟水果新鲜抵京......10月11日，以"数智引领、 产业融通"为主题的2025数智农业与服务贸易大会暨第三届新发地农产品博览会集中呈现前沿成果。 另外，展会期间共达成37项产业链合作，覆盖智慧种植、数字仓储、跨境贸易等领域，总投资额超12亿 元，涉及全国28个省（区、市）及东盟6国。新发地市场总经理张月琳在采访中表示，北京新发地市场 正推动建设覆盖330万亩种植基地的数字化平台，让每棵蔬菜都有"数字身份证"。 本届大会规划举办1场开幕式、2场专业推介会，并设立4大主题展区，汇聚了约200家企业，全面展示数 字技术与农业全产业链深度融合的最新实践，旨在构建全国领先的农业创新资源对接平台。 本届农博会将集中展示 ...

Core Insights - China's service trade is entering a new development stage characterized by continuous expansion, structural optimization, and accelerated transformation of momentum. The total service trade volume is expected to exceed $1 trillion for the first time in 2024, marking a historical high [1] Group 1: Growth and Structure - The service trade's total import and export volume exceeded $737 billion in the first eight months of this year, indicating robust growth that contributes to global economic certainty [1] - Knowledge-intensive services are becoming a new growth engine, with exports in telecommunications, computer, and information services increasing. Digital cultural products like online literature and games are gaining traction internationally [2] - Travel services are experiencing a strong recovery, with the expansion of visa-free policies significantly enhancing the attractiveness of China as a travel destination, transforming travel services from a major source of trade deficit to a key factor in narrowing it [2] Group 2: Challenges and Opportunities - Despite the growth, traditional service sectors like logistics and construction still dominate, while high-value services such as finance and legal services have a high import dependency of 60% [3] - The eastern region contributes nearly 80% to the national service trade, while the central and western regions, despite rapid growth, remain small in scale. There is a lack of sufficient voice in global rule-making for service trade [3] - Recent policies from the Ministry of Commerce and other departments aim to promote service exports through 13 specific measures, focusing on digital and green services as key support areas [4] Group 3: Policy and Strategic Alignment - The development of high-quality service trade should align closely with the strategy to expand domestic demand, as service consumption has become a crucial driver for domestic demand growth [4] - Encouragement of scenario innovation and business model integration is essential to increase the supply of quality services, leveraging China's large market and potential to attract global resources [4]