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China opens int’l services trade fair, vows wider opening-up

2020-09-07 13:48:16 Xinhuanet.com

The 2020 China International Fair for Trade in Services opened on Friday, presenting an opportunity to strengthen open cooperation in the service sector and invigorate global economic recovery.

In the comprehensive exhibition hall at the China National Convention Center, humanoid robots were watering flowers while greeting the busy staff.

"I hope we can find new partners and reach new cooperation agreements at the trade fair to expand our business at home and abroad," said Zhou Jian, founder of Shenzhen-based company UBTECH Robotics Corp.

Facing the adverse business situation, it developed three types of intelligent anti-epidemic robots within 20 days, which helped attract more orders for the company in the first half of the year.

"The deep integration of advanced manufacturing and the modern service industry has become the key for enterprises to adapt to the new round of industrial revolution and enhance their competitive advantages," said Yuan Feng, vice president of BOE Technology Group Co., Ltd., a leading Chinese high-tech company.

POSITIVE SIGNALS

In recent years, China has been deepening reform and opening up in the service sector, improving the system and mechanism for trade in services and raising the level of development, with pilot programs for innovative development of the service trade.

China will develop open platforms for the pilot program of innovative development of the services sector, further ease market access for the services sector, and take greater initiative to increase imports of quality services, said Chinese President Xi Jinping while addressing the Global Trade in Services Summit of the services trade fair via video.

"To meet the actual needs for growing trade in services, China will promote greater harmonization of rules for the service sector at the multilateral and regional levels, and work for continued improvement in global economic governance and more inclusive growth of the world economy," Xi said.

In 2019, China's services imports and exports totaled 5.4 trillion yuan, ranking second in the world for the sixth consecutive year.

As China vigorously develops its service industry and trade, this will be the country's new growth point for the coming decades and generate new momentum for higher-level opening up, according to Wang Huiyao, president of the Center for China and Globalization.

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