Core Insights - The 2025 China International Service Trade Fair (CIFT) will be held at Shougang Park, emphasizing the theme "Digital Intelligence Leading, Service Trade Renewed" and showcasing over 800 enterprises intending to participate [1][10] - The event signifies China's commitment to high-level opening up and aims to enhance global trade stability and cooperation [1][10] Group 1: Event Overview - This year's CIFT will adopt a new format, moving from a dual venue to a single venue at Shougang Park, which will feature over 100,000 square meters of exhibition space [2] - The venue has undergone significant renovations, including the Four High Furnaces being transformed into a high-standard conference space [2][3] Group 2: Economic Impact - In the first half of the year, China's service trade import and export totaled 38,872.6 billion yuan, marking an 8.0% year-on-year increase [7] - Knowledge-intensive service trade has been a key growth driver, with imports and exports reaching 15,025.4 billion yuan, up 6.0% [7] Group 3: Policy Support - Various regions, including Beijing and Shenzhen, have introduced supportive measures to enhance service trade and digital trade development [8] - Beijing aims to rank among the top three in service trade by 2030, with digital services expected to account for approximately 70% of service exports [8] Group 4: Innovation and Collaboration - The CIFT serves as a platform for innovation and collaboration, with over 70 companies planning to launch more than 130 new products and achievements during the event [10] - The fair will facilitate international cooperation, with nearly 70 countries and international organizations expressing interest in participating [10]

Group 1: Service Trade Overview - The total service trade import and export volume reached 38,872.6 billion yuan, showing a year-on-year growth of 8% [5] - Travel service exports saw a significant increase of 68.7%, highlighting the strong appeal of "travel in China" [6][8] - Knowledge-intensive service trade is on the rise, contributing to the overall growth of service trade [5][10] Group 2: Travel Services - Travel services remain the largest sector in China's service trade, with an import and export volume of 10,802.9 billion yuan, growing by 12.3% [6] - Various measures, such as visa exemptions and improved payment convenience for foreign visitors, have boosted the number of foreign tourists and their spending in China [8] - The number of duty-free shops for outbound tourists has increased significantly, with over 7,200 shops now available, and the number of people benefiting from tax refunds has risen by 186% [9] Group 3: Knowledge-Intensive Services - The import and export scale of knowledge-intensive services reached 15,025.4 billion yuan, growing by 6%, with exports at 8,650.4 billion yuan, up by 7.8% [10] - Knowledge-intensive services, including telecommunications, finance, and intellectual property, account for nearly 40% of the service trade volume [10][16] Group 4: Data Processing Industry - The "data processing" industry is emerging as a new business model in service trade, with companies in Hainan establishing the first "digital bonded area" to provide value-added services for foreign data [11] - The processed data can generate significant profits, with companies successfully completing numerous data processing orders from international markets [12] Group 5: Gaming Industry - The gaming industry is rapidly growing, with self-developed games generating sales revenue of 9.501 billion USD in overseas markets, a year-on-year increase of 11.07% [13] - The Ministry of Commerce is promoting the development of the gaming industry for international markets, enhancing China's competitiveness and influence [13] Group 6: Integration of Virtual and Real Economies - The service trade is increasingly focusing on providing solutions to customer problems, integrating traditional and emerging business models [14] - The transportation sector is leveraging smart solutions to enhance efficiency and reduce operational time, exemplified by successful projects in international ports [14][15] Group 7: High-Value Service Exports - Knowledge-intensive service trade is expected to play a significant role in high-value service exports, with ongoing reforms and innovations in digital services [16] - The attractiveness of China's telecommunications and information services in international markets is continuously improving, driven by the growth of digital trade [16]

Core Insights - The service trade is a crucial component of international trade, and accelerating its development is essential for expanding high-level openness and fostering new momentum in foreign trade [1] Group 1: Service Trade Performance - In the first half of the year, China's total service trade reached 38,872.6 billion yuan, a year-on-year increase of 8%, with exports at 16,883 billion yuan (up 15.0%) and imports at 21,989.6 billion yuan (up 3.2%) [1] - Knowledge-intensive service trade grew by 6%, with telecommunications, computer, and information services reaching 5,293.8 billion yuan, marking a 12.7% increase [1][4] - The service trade deficit significantly narrowed year-on-year, indicating improved competitiveness in service trade, particularly in digital, tourism, and financial services [1][2] Group 2: Travel Services - Travel services emerged as the largest sector in service trade, with imports and exports totaling 10,802.9 billion yuan, a growth of 12.3%, where exports surged by 68.7% and imports increased by 5.5% [1][2] - The rapid growth in travel services is attributed to the recovery of domestic and international personnel movement, gradual reopening of outbound tourism, and a notable rebound in inbound tourism [2] Group 3: Knowledge-Intensive Services - Knowledge-intensive service imports and exports totaled 15,025.4 billion yuan, accounting for 38.7% of total service trade, with telecommunications, computer, and information services leading the growth at 12.7% [4] - This category includes high-value-added services that significantly contribute to industrial upgrades, making it a key driver for optimizing service trade structure [4] Group 4: Policy and Future Outlook - Various measures have been introduced to enhance the service trade environment, including optimizing tax refund policies for inbound tourists and expanding the coverage of visa-free policies [2][3] - The Ministry of Commerce anticipates that by 2024, China's service trade will exceed 1 trillion USD, ranking second globally, with a projected 38% growth in knowledge-intensive service trade compared to 2020 [5] - The outlook for the second half of the year indicates both opportunities and challenges, with potential growth in digital trade and cross-border e-commerce, but also risks from global economic slowdowns and rising protectionism [6]

Core Viewpoint - Shenzhen is significantly enhancing its service trade sector through a comprehensive support policy, offering substantial financial incentives to businesses in various high-value service areas, aiming to solidify its position as a leading trade city in China [1][4]. Group 1: Policy Highlights - The Shenzhen Municipal Bureau of Commerce released ten key points for the "2025 Shenzhen Service Trade Development Support Policy," which includes financial rewards up to 2 million yuan for eligible enterprises [1][4]. - The policy emphasizes the acceleration of digital trade, encouraging service trade companies to expand their digital service exports, with rewards of up to 1 million yuan for qualifying businesses [2][4]. - There is a focus on fostering high-value outsourcing services, with support for IT outsourcing (ITO) and knowledge process outsourcing (KPO), offering up to 1 million yuan for eligible firms [2][3]. Group 2: Specific Support Measures - Financial service export capabilities are prioritized, with rewards of up to 2 million yuan for companies innovating in cross-border financial services [2][3]. - Support is provided for service trade companies to enhance risk resilience through export credit insurance, with a reimbursement of up to 1 million yuan based on actual premiums paid [3][4]. - The policy encourages the expansion of technology exports, offering rewards ranging from 80,000 to 1 million yuan based on the actual execution amount of technology exports [3][4]. Group 3: Market Development and Internationalization - The initiative promotes obtaining international certifications for service outsourcing companies, providing up to 500,000 yuan for certification and maintenance costs [3][4]. - There is encouragement for companies to engage in international service outsourcing, with rewards of up to 1 million yuan based on the actual execution amount of offshore service outsourcing [3][4]. - The policy aims to cultivate market entities, offering up to 100,000 yuan for businesses that meet specific growth criteria in the leasing and business services sectors [3][4]. Group 4: Strategic Goals - Shenzhen aims to achieve a service trade import and export volume exceeding 150 billion USD and a digital trade volume of over 66 billion USD by 2025 [4][5]. - The city is committed to developing a high-quality service trade action plan, focusing on sectors such as gaming, software outsourcing, and modern engineering services [4][5]. - The local government emphasizes the integration of service trade and goods trade, leveraging Shenzhen's manufacturing strengths to enhance international competitiveness in professional services [5].

Core Viewpoint - Shenzhen is making significant investments in both goods and service trade, with new policies offering substantial financial rewards to companies, particularly in the service trade sector, to enhance its competitive edge in international markets [1][2]. Summary by Sections Policy Highlights - The Shenzhen Municipal Bureau of Commerce released "Ten Key Points for Supporting the Development of Service Trade by 2025," which outlines generous support policies and financial incentives for service trade enterprises [2][6]. Financial Incentives - Companies can receive up to 2 million yuan in rewards for enhancing their financial service export capabilities, with specific incentives for various service sectors [3][4]. Specific Support Measures - Support for digital trade development includes rewards of up to 1 million yuan for companies that expand their digital service exports [3]. - High-value outsourcing services, such as IT and knowledge process outsourcing, can also receive up to 1 million yuan in support [3]. - Professional service sectors like accounting and legal services can receive similar financial backing to promote international competitiveness [3]. - Companies that enhance their risk management through export credit insurance can receive up to 100,000 yuan in reimbursement for premiums paid [4]. Technology and Certification Support - Companies expanding technology exports (excluding restricted technologies) can receive rewards ranging from 80,000 to 1 million yuan based on actual export amounts [4]. - Support for obtaining international certifications, such as CMMI 5 and ISO 27001, includes reimbursement of up to 50% of certification costs, capped at 500,000 yuan [4]. Market Development and Innovation - The policy encourages the development of international service outsourcing, with rewards for companies based on their offshore service execution amounts, ranging from 50,000 to 100,000 yuan [4]. - New market entrants achieving revenue growth can receive up to 100,000 yuan in support [4]. - The initiative aims to enhance the technological innovation capabilities of service trade enterprises, allowing them to apply for tax incentives as recognized advanced technology service enterprises [6]. Strategic Goals - Shenzhen aims to achieve a service trade import and export volume exceeding 150 billion USD and digital trade volume exceeding 66 billion USD by 2025 [6]. - The city is focused on fostering a high-quality development action plan for service trade, emphasizing sectors like gaming, software outsourcing, and cross-border financial services [6][7].

4月17日，广州市政府常务会议审议通过《广州市关于以高水平开放推动服务贸易和数字贸易高质量发 展的若干措施》（下称《若干措施》），提出稳步扩大制度型开放、促进资源要素跨境高效便捷流动等 6个方面22项措施，深化服务贸易和数字贸易领域改革、开放、创新、合作。 为深化服务业对外开放，《若干措施》提出落实全国版、自贸区版跨境服务贸易负面清单，加强粤港澳 大湾区开放措施与跨境服务贸易负面清单工作衔接，紧密对接CEPA服务贸易协议，进一步放宽电信、 医疗、教育等服务领域外商投资准入条件，争创国家服务贸易创新发展示范区。 聚焦专业人才跨境流通，《若干措施》要求深入开展外籍"高精尖缺"人才认定标准试点，开展外国人来 华工作便利化试点，拓展境外职业资格（工种）认可清单，支持外国人才来穗创新创业。此外，《若干 措施》鼓励符合条件的外资机构参与财富管理、绿色金融等方面投融资，促进跨境投融资便利化。 在发展壮大新兴服务贸易方面，广州将引进高品质国际会展，打造一批有国际影响力的会展品牌；扩大 教育、医疗、文化、体育等生活性服务贸易供给，开展外商独资医院试点，积极引进境外高水平教育资 源，引进举办ITF赛事、ATP赛事等国际赛事，促进 ...