Share The Historical Opportunity For The Development Of Global Trade in Services

"Let us jointly safeguard the hard-won free trade and multilateral trading system, share the historical opportunities for the development of global trade in services, and work together to create a better and more prosperous future for the world."

On the morning of September 2, President Xi Jinping delivered a video speech to the 2023 China International Fair for Trade in Services Global Service Trade Summit in Beijing. President Xi Jinping scientifically grasped the historical trends of world economic development and the historical opportunities for the development of global trade in services, and focused on jointly pushing the world economy onto the track of sustained recovery. He solemnly announced a series of major measures to promote the development of the global service industry and trade in services, emphasizing that " China is willing to work with all parties to promote inclusive development through service opening, promote interconnection and integration through service cooperation, cultivate development momentum through service innovation, and create a better future through service sharing."

Service trade is an important part of international trade, and the service industry is an important area of international economic and trade cooperation. In recent years, a new round of technological revolution and industrial transformation has emerged, driving the strong rise of digital technology, promoting in-depth integration of industries, and leading the vigorous development of the service economy. Data show that the total global trade in services will reach US$7 trillion in 2022, a year-on-year increase of 15%. China's trade in services has maintained rapid growth and demonstrated strong resilience. The total import and export of services in 2022 will be nearly 6 trillion yuan, a year-on-year increase of 12.9%, reaching a record high, ranking second in the world for the ninth consecutive year. Facts have fully shown that despite the lack of momentum for world economic recovery, global trade in services and cooperation in the service industry have developed in depth, the process of digitalization, intelligence, and greening has continued to accelerate, and new technologies, new business formats, and new models have emerged one after another. In order to promote economic globalization and recovery, Global economic vitality and enhanced resilience of world economic development have injected strong impetus.
This year marks the 45th anniversary of China's reform and opening up. Looking back on the past, moving forward in the logic of historical progress, and developing in the trend of the times, China has continued to expand its opening up, activating a surging spring tide for China's development and a pool of spring water for the world economy; looking to the future, China will persist in advancing High-level opening up to the outside world, comprehensive promotion of Chinese-style modernization with high-quality development, and providing new opportunities for open cooperation among countries. “It is difficult for those who work alone to succeed, but it is easy for those who work together.” Let us walk the world together, share the development opportunities of trade in services, jointly promote the recovery and growth of the world economy, jointly build an open world economy, and jointly create a better and more prosperous future for the world.