Core Viewpoint - The Chinese government is committed to accelerating the opening of its service industry, particularly in response to external challenges such as the U.S. implementing "reciprocal tariffs" which disrupts global trade and supply chains [2][3]. Group 1: Service Industry Opening - The "Work Plan" emphasizes the acceleration of opening up the service industry, showcasing China's determination to expand foreign access despite external pressures [2][3]. - Since the initiation of the service industry opening pilot program in 2015, there have been multiple upgrades and expansions, resulting in a framework of "1+4+6" with 20 pilot cities now included [3][4]. - The new plan aims to streamline pilot tasks across all 11 pilot provinces and cities, enhancing efficiency and expanding the scope of foreign investment [3][4]. Group 2: Telecommunications Sector - The plan prioritizes the opening of telecommunications services, including the removal of foreign ownership limits on certain service businesses [4][5]. - The Ministry of Industry and Information Technology has initiated steps to further open up the value-added telecommunications sector, with pilot approvals already granted to several global companies [5]. Group 3: Financial Sector - The People's Bank of China is developing financial standards for seven industries, including shipping and chemicals, to support the transition to greener practices [6][7]. - The central bank has already released six green finance standards and is working on additional standards to prevent "greenwashing" and ensure genuine transitions [6][7]. Group 4: Healthcare Sector - Since the launch of the service industry opening pilot, over 150 joint-venture and wholly foreign-owned medical institutions have been established in China [7][8]. - The government has allowed foreign medical professionals from Hong Kong, Macau, and Taiwan to practice temporarily in mainland China, facilitating the growth of foreign investment in healthcare [8].