Specialists say Chinas services trade boost augurs well for recovery

利来w66

2021-07-09

VisitorsentertheexhibitionareaoftheChinaInternationalFairforTradeinServicesheldinBeijing.[Photo/Xinhua]Chinaspursuitofinnovation-drivenhigh-qualitydevelopmentandtheexpansionofthenationsdomesticmarketwillshoreupitstradeinservices,andcontinuetocontributetotheglobalservicestradegrowthandeconomicrecoveryfromtheCOVID-19pandemic,ethatChina($300billion).,asectorstillsufferingheavilyduetothepandemic-relatedtravelrestrictions,China,,"Chinasservicestradeisgrowingatafastpaceandthenationisexpectedtohavestrongerpresenceintheglobalservicestradeonthebackofitshigh-qualityeconomicdevelopmentandhugedomesticmarket,"saidZhouMi,aseniorresearcherattheCh,asectorcurrentlyundergoingtransformationandupgradeinpursuitofhigh-qualitydevelopment,whichwillsupportthedevelopmentoftheservicessector,especiallysubsectorscloselyrelatedtomanufacturing,,servicestradeinsectorssuchastravelandeducationwillresumerapidgrowth,underpinnedbyChinashugedomesticconsumptionmarketdemand,asthepandemicisgraduallygettingundercontrolwiththerolloutofvaccinationprogramsinvariouscountries,seffortstopushinnovation,improvetheoverallbusinessenvironmentandencouragetrialsinpilotfreetradezoneswillalsogiverisetonewbusinessformsandmodels,whichshouldinjectgrowthimpetusintotheservicestrade,,vice-chairmanoftheBeijing-basedChinaSocietyforWorldTradeOrganizationStudies,saidthefive-monthdatahaveshownthatthecountryhasmadeagreatcontributiontotheglobalservicestrade,whichisevenmoreimportherestoftheworld,itshugedomesticmarketissettoattractmoreforeigninvestors,whichwilleventuallyboostthedomesticservicesindustry,especiallyi,stradeinknowledge-intensiveservices,whichincreasedby11per,,,,subsectorsthatregisteredfastestgrowthwerepersonalculturalandentertainmentservices(),telecommunications,computerandinformationservices(),andchargesforintellectualpropertyrightuse().,respectively.。