Broadening High-Level Openness in Service Industry

The development level of the service industry is an important indicator to measure the degree of modern social and economic development. In the first half of 2024, the added value of the service industry was 349.646 trillion yuan, accounting for 56.7% of the Gross Domestic Product (GDP). The contribution rate of the service industry to the national economic growth was 52.6%, and its position in the national economy is becoming increasingly prominent. The Third Plenary Session of the 20th Central Committee of the Communist Party of China made important deployments on "improving the high-level opening-up system and mechanism" and "improving the development system and mechanism of the service industry." In the process of further deepening comprehensive reforms, promoting reform to promote opening-up, especially promoting the service industry to expand opening-up, is a key task at present and in the future.

Promoting the expansion of the service industry's opening-up is a key direction for expanding high-level opening-up at present. In recent years, China has continued to reduce restrictions on foreign investment access measures, increase the number of encouraged items in the service industry, continuously expand the fields and scope of service industry opening-up, and the comprehensive pilot demonstration of the national service industry's opening-up has launched more than 1,300 pilot measures in 13 industry fields such as science and technology, telecommunications, culture and tourism, and finance. It has replicated and promoted a number of batches of innovative achievements to the whole country, and its role in expanding opening-up, deepening cooperation, and leading innovation is becoming more and more prominent. Expanding the opening-up of the service industry can lay the foundation for improving the quality and level of service trade development. Relying on free trade pilot zones, Hainan Free Trade Port, national comprehensive pilot demonstration of service industry opening-up, and service trade innovation development pilot, it can carry out pioneering explorations, effectively improve the level of service trade liberalization and facilitation; it can create a good environment for the smooth flow of production factors, help make good use of domestic and international markets and resources, enable efficient allocation of various resources, and fully release market potential; it can provide guarantees for optimizing and expanding service supply, further release the potential of service consumption, and better meet the personalized, diversified, and high-quality service consumption needs of the people.

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At present, the service industry has become an important field in international economic and trade cooperation, and the global consensus on the opening-up and development of the service industry has been formed. The global service digitization, intelligence, and green development trends are obvious, and many countries attach great importance to expanding service industry opening-up and cooperation. Looking to the future, it is necessary to further deepen comprehensive reforms, promote the upgrading and transformation of the service industry, stimulate the vitality of the service industry market, expand the high-level opening-up of the service industry, promote inclusive development through service opening-up, promote linkage and integration through service cooperation, and cultivate development momentum through service innovation.

First, benchmark high-standard international economic and trade rules. Building a high-standard service industry opening-up system is not only important for enhancing domestic market vitality but also significant for promoting international cooperation and optimizing the business environment. It is necessary to make real efforts in strengthening the connection between domestic and foreign regulations, give full play to the important role of the national comprehensive demonstration zone for the opening-up of the service industry, and introduce institutional achievements in cross-border service trade, intellectual property rights, e-commerce, and digital trade that are benchmarked against high-standard international economic and trade rules.

Second, focus on developing service trade. In 2023, China's total service import and export volume was 6.57543 trillion yuan, and the proportion of service trade in the total amount of service and goods trade in the first half of 2024 was 14.5%. There is still a lot of potential for the development of service trade. Actively creating an open, innovative, fair competition, and orderly development environment is the essence of expanding the high-level opening-up of the service industry. It is necessary to establish and improve the negative list management system for cross-border service trade, further improve the level of service trade liberalization and facilitation, promote the comprehensive pilot demonstration of the service industry's opening-up, give full play to the leading role of the opening-up platform, and improve the standardization level of service trade. At the same time, pay high attention to the global service digitization, intelligence, and green development trends, support the exploration of the realization path of the whole chain of trade digitization, and gradually establish and improve the green trade support and security system.

Third, promote the cross-border flow of resource elements. Eliminating obstacles to the international flow of production factors is an inevitable requirement for attracting more high-quality resources and innovative elements and improving the level of open economic development. It is necessary to deepen the reform of foreign trade system, form a strong attraction to global factor resources, better utilize domestic and international markets and resources, and make real efforts in facilitating the cross-border flow of professional talents, optimizing the management of cross-border capital flows, promoting the transaction and application of technical achievements, and promoting the efficient, convenient, and secure cross-border flow of data.

Fourth, build a risk prevention and control system for the opening-up of the service industry. Promoting the high-level opening-up of the service industry means a broader range, wider fields, and deeper levels of opening-up. It is necessary to coordinate opening-up with security, further strengthen risk awareness and bottom-line thinking. It is necessary to adhere to the principle of being the main body, prudently grasp the rhythm and intensity, enhance its own competitiveness, opening-up supervision ability, and risk prevention and control ability, build an efficient and coordinated supervision system for the service industry, improve security guarantee measures in key areas, and enhance the risk prevention and control ability to ensure industrial security.

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