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"China service" into foreign trade new power, service export growth exceed import for the first time

    In July 23rd, the Ministry of Commerce issued data: January to May, the development of China's service trade is rapidly, Import and export services amounted to $2376, a year-on-year growth of 14.5%.Among them, the service exports totaled $94.1 billion, a year-on-year growth of 15.9%,the service imports totaled $143.5 billion, a year –on-year growth of 13.6%.The first five months,China’s service export growth rate exceeded the imports growth rate for the first time in recent years.
    Import and export of high value-added services grew rapidly. From January to May, film audiovisual, financial services, computer and information services, royalties and license fees, consulting services Import and export year-on-year growth of 88.9%, 50.8%, 31.2%, 27.7% and 19.9% respectively. The growth rate of service trade deficit showed a narrowing trend.
   Service trade continued to rise in the proportion of foreign trade, ranks third in the world.Trade in services has become a new growth point of foreign trade. Since joining the WTO, China’s service trade scale expanding fast, service trade continued to rise in the proportion of foreign trade.
    Ministry of Commerce spokesman Yao Jian said,In the future, World trade competition will be more embodied in the service trade competition,Trade in services has become a new driving force for economic growth and the focus of great power competition. To develop trade in services have great significance for comprehensive deepening reform, accelerating the transformation of economic development and enhancing the international competitiveness of the industry chain, increasing the employment of college students, creating an upgraded version of the economic significance.
    The State Council Development Research Center office director Long Guoqiang think, To make up for the short board of trade in services, We should enhance the international competitiveness of service industry, deepen the service industry system reform, expand market access, encourage innovation and equal competition, focus on expanding the opening of the service sector;  grasp the serviceoutsourcing opportunities firmly, develop the service outsourcing vigorously.
    Commerce Department official said, the next step should speed up the development of service trade and put it in a more prominent place, etablish the strategic position of service trade, around the goal of building a world trade power, cultivate "Chinese service" and "Made in China" wheeled foreign trade development pattern.
    Accelerate the adjustment of the structure of trade in services. Focus on fostering communication, finance, accounting, computer and information services, media, consulting and other emerging services trade,to meet domestic demand by expanding imports, cultivating industrial competitiveness and new foreign trade competitive advantage by expanding exports.
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