Core Viewpoint - The recent issuance of the policy measures by the Ministry of Commerce and eight other departments aims to promote service exports, marking a significant step for China to transition from a "trade giant" to a "trade power" [2] Group 1: Service Export Growth - In the first four months of 2025, China's total service import and export volume exceeded 2.6 trillion yuan, with service exports growing by 14.6% year-on-year, indicating substantial potential and development space in service exports [2] - Knowledge-intensive services dominated service exports, with a total of 865.04 billion yuan in the first half of 2025, representing a year-on-year increase of 7.8% and accounting for 51.5% of total service exports [3] - The digital service sector is expanding significantly, with an estimated 2.5 trillion yuan (approximately 350 billion USD) in digitally deliverable services expected in 2024, reflecting a year-on-year growth of 12% and comprising 54% of total service trade [3] Group 2: Strategic Importance of Service Exports - Developing service exports is crucial for China's economic transformation, reducing reliance on traditional goods trade and enhancing the country's position in high-quality foreign trade development [4] - The shift towards knowledge-intensive, digital trade, and cultural exports signifies a move up the global trade value chain, positioning China as a key provider of high-end intermediate goods and solutions [4] - Strengthening participation in global value chain division, particularly in digital and cultural trade, will enhance China's influence in global rule-making and create new opportunities for high-quality economic development [4] Group 3: Highlights of the Policy Measures - The policy measures exhibit stronger collaboration among eight departments, addressing previous policy fragmentation by covering the entire chain from regulation to funding and technology [5] - The measures emphasize pilot programs in free trade zones and Hainan Free Trade Port to explore innovative data services and financial support, accumulating experience for nationwide implementation [5] - The focus on emerging fields like digital services and support for small and medium-sized enterprises (SMEs) reflects a balanced approach to achieving both targeted breakthroughs and comprehensive improvements [5] Group 4: Key Areas of Focus - The measures introduce innovative initiatives for cross-border data flow, which is essential for digital service exports, including guidelines for data identification and the establishment of international data centers [6] - Addressing financing challenges for SMEs, the measures propose expanding export credit insurance coverage and innovating intellectual property pledge financing to alleviate financial burdens [6] - Future recommendations include leveraging digital technology to enhance service exports, building service export industry clusters, and deepening financial supply-side structural reforms to support SMEs in the service export sector [6]

Group 1 - The "2025 Digital Service Export Cooperation Exchange Conference" was held in Guangzhou, focusing on "digital service exports" with the theme of "reform, innovation, cooperation, and win-win" [1] - The conference featured representatives from the Ministry of Commerce, 12 national digital service export bases, and various local business departments, discussing new opportunities for digital services going abroad and outlining a new blueprint for the digital economy [1] - A new global trade service platform, the International Market Information Service Station (Tianhe), was announced, along with the "Empowering Enterprises to Go Abroad - Digital Tianhe Empowerment Plan," aimed at supporting small and medium-sized enterprises in international market engagement [1] Group 2 - The Tianhe District in Guangzhou has over 20,000 digital service enterprises, with digital service export value increasing from $1 billion in 2020 to $2.284 billion in 2024, representing a growth of over 120% in four years [2] - Digital trade has become a new engine for regional economic growth, showcasing strong development momentum [2] - Eight companies, including Quwan Network and Pucheng Dairy, were selected as "unicorn" enterprises for 2024, while five companies, including Sanqi Interactive Entertainment and Quwan Network, made it to the top 100 internet companies in China for 2024 [2]