Chinese Academy of International Trade and Economic Cooperation Institute of International Trade in Services



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2 1 International Experience and Practice of China Statistics on Trade in Services Li Jun

II. Major Contributions

  • New support of national regional development strategy

  • During the 13th Five-Year Plan period, China continuously optimized the domestic layout of development platforms and carriers for trade in services. Around the industrial chain layout of Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao and other regions, a series of innovative development measures of trade in services had been introduced to promote the integrated development of Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao and other regions. In addition, in the newly established innovative development pilots for trade in services, service outsourcing demonstration cities and featured service export bases (digital, cultural and traditional Chinese medicine), we will promote the distribution more to the central and western regions and northeast regions, and form a structural arrangement of misplaced exploration, so as to actively help coordinate the development of national and regional economies. In 2019, the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Greater Bay Area (Guangdong) accounted for 77.7% of China's total service trade, becoming the domestic three major clusters service trade. Beijing, Shanghai, Guangzhou and Shenzhen are the first echelon of China's trade in services development, followed by Nanjing, Hangzhou, Tianjin and other cities.

II. Major Contributions

  • New core of high-quality development of real economy

  • Servitization of manufacturing industry has become an important driving force for value chain upgrading and development. On the one hand, the links between manufacturing and service in the global industrial chain get closer. The service elements in commodities are becoming more and more important to enhance the competitiveness of products, and they have become an important source of sales revenue and profits of enterprises and a main link of value chain appreciation. The World Bank's report The Future of Manufacturing-Led Development stated that, the added value of manufacturing accounts for less than 40% of the final price of products in developed countries, while that of services about 60%. On the other hand, manufacturing and service are increasingly integrated. Service plays a more prominent role in supporting and promoting the industrial development, especially the digital, networked and intelligent transformation of the manufacturing industry. Service has become the core link for manufacturing enterprises to maintain competitive advantage, and there are high-tech services behind the heavy equipment in China. From 2015 to 2020, China's import of charges for intellectual property increased from USD 22.03 billion to USD 37.63 billion with an average annual growth rate of 11.3%, making China the world's largest importer of intellectual property, and further effectively supporting the demand for technology patents in the development of China's manufacturing industry. The import of productive services such as finance, transportation and professional services has also effectively promoted the high-quality development of the domestic manufacturing industry.

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