Core Viewpoint - The 20th National Congress of the Communist Party of China emphasizes the importance of enhancing the service trade system and acknowledges the significant growth potential of global service trade, which is expected to outpace goods trade in growth rate, despite facing challenges from protectionism and unilateralism [1] Group 1: Trends in Global Service Trade - The development of data trade is accelerating due to advancements in digital technologies such as artificial intelligence, with information service trade growing at an average rate exceeding 9%, significantly higher than the overall service export growth of 5% [1] - There is a rapid increase in demand for green services driven by the green technology revolution and the need to address EU carbon tariffs, with China being a major player in green trade [2] - The deep adjustment of global industrial and supply chains is leading to a rapid development of productive service trade, as companies localize production and provide cross-border services from parent companies [2] - The trend of nearshoring in international division of labor is accelerating the regionalization of service trade, with a noticeable shift towards regional and short-distance travel services post-COVID-19 [2] Group 2: Ecosystem of Service Trade Development - Resource factors such as technology, talent, and capital are fundamental to service trade development, with AI technology creating new service demands and enabling service industry growth [3] - Enhancing the competitiveness of the service industry is crucial, leveraging China's strengths in manufacturing and goods trade to boost logistics, software, and information services [3] - Cultivating enterprise主体 is essential, focusing on both large multinational corporations and innovative SMEs, particularly in the digital services sector [4] - Expanding international market cooperation is necessary, with efforts to strengthen service trade partnerships with both developed and developing countries, and utilizing platforms like the service trade fair to enhance international collaboration [4][5]

Core Insights - The 20th National Congress of the Communist Party of China emphasizes the importance of enhancing the service trade system and innovation to achieve high-quality development in service trade [1] Group 1: Global Service Trade Trends - Global service trade has significant potential and is expected to grow faster than goods trade, with its position in global trade continuing to strengthen [1] - The demand for data trade is accelerating due to advancements in artificial intelligence and digital technologies, with information service trade growing at an average rate exceeding 9%, significantly higher than the 5% growth in overall service exports [1] - The rise of green service demand is driven by the green technology revolution and the need to respond to EU carbon tariffs, leading to increased demand for green technology services and environmental consulting [2] - The deep adjustment of global industrial and supply chains is promoting the rapid development of productive service trade, as companies localize production and provide services across borders [2] - The trend of nearshoring in international division of labor is accelerating the regionalization of service trade, with a noticeable shift towards regional and short-distance travel services post-COVID-19 [2] Group 2: Service Trade Development Ecosystem - The development of service trade relies on resource factors, industrial competitiveness, enterprise participation, international market demand, and supportive national policies [3] - There is a need to innovate new business models and accelerate the cultivation of new growth points in service trade, with platforms like the service trade fair playing a crucial role [3] - Gathering resource factors such as technology, talent, and capital is essential for service trade development, particularly with the application of AI technologies creating new service demands [3] - Enhancing the competitiveness of the service industry is vital, leveraging China's strengths in manufacturing and goods trade to boost logistics, software, and information services [4] Group 3: Market Expansion and Collaboration - The focus should be on nurturing both large enterprises and innovative SMEs in the service trade sector, especially in digital services [4] - Expanding international market cooperation is crucial, with efforts to strengthen service trade ties with both developed and developing countries [4][5] - The implementation of service trade cooperation frameworks, such as the BRICS service trade cooperation roadmap, is essential for enhancing international collaboration [5]