Core Viewpoint - The Ministry of Commerce, along with eight other departments, has issued a document titled "Several Policy Measures to Promote Service Exports," which includes 13 specific measures to provide comprehensive policy support for service exports [1][3]. Group 1: Policy Measures - The document outlines 13 policy measures focusing on financial support, process optimization, risk assurance, and market expansion to enhance service exports [1]. - Key areas of focus include optimizing the zero tax rate declaration process for service exports and improving the convenience of inbound consumption [3][5]. Group 2: Market Expansion and Regulatory Facilitation - The measures aim to break down barriers in personnel, capital, and data flow, thereby creating a more favorable environment for service exports [5]. - The document emphasizes the importance of expanding international market channels and enhancing the role of intermediary organizations in supporting enterprises to enter international markets [5][7]. Group 3: New Initiatives - New initiatives include encouraging the development of international data services and supporting enterprises in participating in domestic and international exhibitions [3][7]. - The focus on knowledge-intensive service sectors, such as digital services and intellectual property, is expected to enhance China's international competitiveness in service trade [3].

Core Viewpoint - The article emphasizes the importance of service trade as a key component of international trade and economic cooperation, highlighting China's commitment to expanding high-level openness and promoting high-quality development in service trade through various innovative practices and supportive policies [1]. Group 1: Service Trade Development in Hangzhou - Hangzhou is showcasing knowledge-intensive service trade through companies like Huibo Yuntong Technology Co., which collaborates with international teams to provide technical solutions and digital services [2][3]. - The city has seen a significant increase in service trade exports, reaching $13.583 billion from January to August, marking a year-on-year growth of 21.42% [3]. Group 2: Aviation Maintenance Services in Xiamen - Xiamen has developed a leading global aviation maintenance base, focusing on high-end industry competitiveness, with a significant portion of its orders coming from overseas [5][6]. - The city has implemented innovative customs policies that enhance the efficiency of aviation maintenance services, resulting in a 27.55% year-on-year increase in the value of imports and exports related to these services [6]. Group 3: Inbound Tourism and Consumer Growth in Chengdu - Chengdu has experienced a rise in inbound tourism, with over 4.2 million international travelers recorded from January to August, reflecting an 11.6% increase [7]. - The city has introduced various policies to facilitate inbound tourism and enhance consumer services, leading to a 227% increase in tax refund transactions and a 218% increase in refund amounts from January to August [9].

9月10日至14日，2025年中国国际服务贸易交易会在北京举办。目前，服贸会已发展成为全球服务贸易 领域规模最大、影响力最广的综合性展会。作为扩大高水平对外开放的重大举措，服贸会"搭台"，为国 内外企业提供了对接全球资源、共享市场机遇的高端平台，为世界经济发展注入新动能。 目前，我国服务贸易规模稳居世界前列，结构持续优化，新兴领域占比逐步提升。通过完善政策体系、 优化发展环境、培育经营主体，服务贸易发展的针对性、监管的有效性和考核评价的科学性明显提升， 发展方向更加聚焦。今年上半年，我国服务进出口总额达3.9万亿元，同比增长8%，规模创历史同期新 高。其中，服务出口额1.7万亿元，同比增长15%，占我国对外贸易出口总额的比重为11.5%，较上年同 期提升0.7个百分点。去年国务院出台《关于以高水平开放推动服务贸易高质量发展的意见》，明确部 署了加快服务贸易创新发展、培育外贸新动能，为建设贸易强国和更高水平开放型经济新体制提供政策 支撑。 我国服务贸易正处于创新提升发展的重要机遇期。进一步提升发展水平，还需积极对接高标准国际经贸 规则，依据不同区域特点，加快形成差异化发展路径，用好服贸会等展会平台，充分调动各类 ...

Group 1 - The Ministry of Commerce will introduce several policy measures next month to expand service consumption, utilizing fiscal and financial tools to enhance service supply capacity and stimulate new service consumption growth [1][2] - In the first half of the year, China's travel service import and export scale exceeded 1 trillion yuan, with a growth rate of 12.3%, and is expected to maintain rapid growth for the entire year [1][3] - The Ministry of Commerce is working on policies to promote service exports, which will be issued soon, focusing on fiscal, financial, regulatory facilitation, and international market expansion [1][2] Group 2 - The new policies will enhance support for key areas and projects in service exports, optimize tax refund procedures, and improve the efficiency of export tax refund applications [2][3] - The policies aim to fill the gap in service trade export-specific policies and enhance the international competitiveness of China's service industry [3][4] - The service retail sector has seen a year-on-year growth of 5.2% from January to July, indicating a shift towards a balanced consumption pattern between goods and services [3][4] Group 3 - The upcoming service trade fair will feature over 70 countries and international organizations, with Australia as the first guest country, and nearly 2000 enterprises expected to participate [4][5] - The 2025 service trade fair will focus on the theme "Digital Intelligence Leading, Service Trade Renewing," featuring various activities including global service trade summits and exhibitions [5][6] - Over 190 new products and achievements will be launched at the fair, showcasing advancements in technology and innovative services [6]

Core Insights - The total service trade volume in China reached 38,872.6 billion yuan in the first half of the year, marking an 8.0% year-on-year increase, with knowledge-intensive services leading the growth at 6.0% [1] - Travel service exports experienced explosive growth, increasing by 68.7%, highlighting a shift in consumer behavior towards experience consumption [1][4] Knowledge-Intensive Services Growth - Knowledge-intensive service imports and exports totaled 15,025.4 billion yuan, accounting for 38.7% of the total service trade, with telecommunications, computer, and information services leading the sub-sectors at 12.7% growth [3] - The export share of knowledge-intensive services reached 51.5%, up 1.2 percentage points from the previous year, indicating China's rising position in the global value chain [3] Travel Service Export Boom - Travel services became the largest segment of service trade, with imports and exports totaling 10,802.9 billion yuan, a 12.3% increase, and exports growing by 68.7% [4] - Policy incentives such as visa exemptions and tax refunds have significantly boosted international tourism, with Shanghai seeing a 37.73% increase in inbound tourists compared to the previous year [4] Cross-Border E-Commerce Impact - The rise of cross-border e-commerce has driven innovation in service trade models, with Zhejiang province's goods trade reaching 27.3 trillion yuan, a 6.6% increase, and online retail sales growing by 8.5% [5] Structural Balance in Service Trade - The service trade is experiencing a "quantity and quality" improvement, with knowledge-intensive and travel services acting as dual engines for growth, reflecting a shift towards high-value sectors [6] - The outlook for the second half of the year suggests continued strong growth in knowledge-intensive services and a recovery in travel services due to restored international routes and favorable policies [6] Policy Recommendations for Service Trade - Increased policy support is recommended to guide social capital into productive service sectors, enhance the international competitiveness of service trade, and improve the quality and efficiency of the productive service industry through technology and talent development [7]

Group 1 - The total import and export value of China's service trade in the first half of the year reached 38,872.6 billion yuan, representing a year-on-year growth of 8.0% [1] - Service exports amounted to 16,883 billion yuan, with a year-on-year increase of 15.0%, while imports were 21,989.6 billion yuan, growing by 3.2% [1] - The service trade deficit was 5,106.6 billion yuan, a decrease of 1,522.1 billion yuan compared to the same period last year [1] Group 2 - Travel services maintained rapid growth, with imports and exports totaling 10,802.9 billion yuan, a year-on-year increase of 12.3%, making it the largest sector in service trade [1] - Travel service exports saw the highest growth rate, increasing by 68.7%, while imports grew by 5.5% [1] Group 3 - Knowledge-intensive service imports and exports reached 15,025.4 billion yuan, with a year-on-year growth of 6.0% [1] - Major components of knowledge-intensive services included other business services and telecommunications, with export values of 6,391 billion yuan and 5,293.8 billion yuan, growing at rates of 3.1% and 12.7% respectively [1] - Knowledge-intensive service exports totaled 8,650.4 billion yuan, up by 7.8%, while imports were 6,375 billion yuan, increasing by 3.6%, resulting in a surplus of 2,275.4 billion yuan, which expanded by 409.2 billion yuan year-on-year [1]

Group 1 - The core viewpoint of the article highlights the rapid growth of service trade in the first half of 2025, particularly in travel services, which reached an import and export value of 1,080.29 billion yuan, marking a growth of 12.3% [2] - Travel services remain the largest sector in service trade, with exports growing by 68.7% and imports increasing by 5.5% [2] - Knowledge-intensive services saw an import and export value of 1,502.54 billion yuan, reflecting a growth of 6.0%, with significant contributions from other business services and telecommunications, computing, and information services [2] Group 2 - The export value of knowledge-intensive services was 865.04 billion yuan, growing by 7.8%, while imports reached 637.5 billion yuan, with a growth of 3.6% [2] - The trade surplus in knowledge-intensive services expanded to 227.54 billion yuan, an increase of 40.92 billion yuan compared to the same period last year [2]

Core Viewpoint - China's service trade is experiencing significant growth, with a total service trade volume projected to reach 7.10 trillion yuan in 2024, reflecting a year-on-year increase of 16.38% [1][10]. Industry Overview - Service trade involves the cross-border flow of services as trade goods, categorized by delivery method and production factor intensity [2][4]. - The industry has evolved through four main stages: initial exploration (1978-1992), rapid growth (1992-2001), accelerated development (2001-2012), and high-quality development (2012-present) [4][5][6]. Industry Development History - From 1978 to 1992, service trade began to develop but lagged behind manufacturing, with total service trade imports and exports increasing from 4.4 billion USD to 10.8 billion USD [4]. - The period from 1992 to 2001 saw a significant increase in service trade, with the share of global service trade rising from 1% to 2.3% [5]. - Following China's accession to the WTO in 2001, service trade grew rapidly, with total imports and exports increasing from 71.9 billion USD in 2001 to 713 billion USD in 2015 [5]. - Since 2012, the focus has shifted to high-quality development, with policies promoting service trade transformation and an increase in knowledge-intensive service trade [6]. Industry Chain - The service trade industry chain includes upstream components like infrastructure and technology support, midstream service trade activities, and downstream demand from consumers, businesses, and government [8]. Current Industry Status - In 2024, the service trade deficit is projected to be -1.63 trillion yuan, a decrease of 10.78% year-on-year, primarily due to increased outbound travel demand driven by rising household incomes [10]. - Key segments driving growth include travel services, which are expected to reach 2.07 trillion yuan, a 33.67% increase, and transportation services, projected at 2.00 trillion yuan, a 15.18% increase [12][13]. Key Companies' Performance - Major companies in the service trade sector include COSCO Shipping Holdings, which reported a revenue of 233.9 billion yuan in 2024, a 33.35% increase, and a gross profit of 67.7 billion yuan, a 145.35% increase [17]. - Boyuan Technology, a global IT service provider, reported a revenue of 5.098 billion yuan in the first three quarters of 2024, a 4.64% increase, but a net profit decline of 20.39% [19]. Industry Development Trends - Digital transformation is a key trend, with advancements in AI, blockchain, and cloud computing expected to enhance service delivery and efficiency [21]. - The demand for knowledge-intensive services is anticipated to rise, particularly in finance and IT, driving the industry towards higher value chains [22]. - Green service trade is emerging as a significant trend, with increasing focus on sustainability and environmental protection [23].