Paths for Expanding High-Standard Opening Up of China’s Services Sector

Abstract

In recent years, driven by economic development, international competition, and other factors, China has accelerated the opening up of its services sector, exhibiting characteristics such as behind-the-border, integrated, active opening up, and supply chain integration. This indicates that the opening up of China’s services sector has entered a new phase, necessitating the adoption of various strategies and paths to further advance the opening up of related fields. Additionally, the international environment facing the opening up of China’s services sector is becoming increasingly complex. The rise of protectionism, the accelerated reconstruction of international economic and trade rules, and the digitization and green transformation of services trade have all increased the uncertainty of the international environment. Although China’s current approach to opening up the services sector has yielded positive outcomes, there remains significant potential for further enhancement in breadth, depth, precision, resilience, quality, and efficiency when benchmarked against international best-practice standards. In the future, it is necessary for China’s services sector to further coordinate border and behind-the- border opening up, as well as domestic and international opening up, and establish a multi-tiered coordinated opening-up system . Moreover, there is a need to strengthen industrial promotion, improve risk prevention and control, and further reinforce China’s voice in formulating international economic and trade rules.

Keywords

services sector / institutional opening up / services trade / international economic and trade rules

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