In the past two days, the 2021 China International Service Trade Fair (hereinafter referred to as the “Service Trade Fair”) has arrived as scheduled. 153 countries and regions participated in the exhibition, more than 10,000 companies appeared in a concentrated manner, and more than 200 events were held one after another. This is not only another major move taken by China to actively open its market to the world, but also represents the recognition of the global economic recovery that started from China.
Victoria Kwa, Senior Vice President of the World Bank Group Asia Pacific, commented: “China can show leadership in promoting the liberalization of trade in services at the regional and global levels.”
This international comprehensive exhibition with “services” sharing has become a weather vane and an important starting point for the rejuvenation of the global economy under the epidemic.
Persist in open cooperation and make the “cake” bigger and win-win
“We are willing to work with all parties to adhere to open cooperation, mutual benefit and win-win results, and share development opportunities for service trade, so as to promote the recovery and growth of the world economy.” President Xi Jinping reiterated China’s firm determination to expand its opening-up in a video speech at the Service Trade Fair.
Focusing on promoting open cooperation in trade in services, President Xi proposed four important measures: “improving the level of openness,” “expanding cooperation space,” “strengthening the construction of rules in the service sector,” and “will continue to support the innovative development of small and medium-sized enterprises.” Aroused enthusiastic response from enterprises and related experts and scholars.
“Chairman Xi Jinping’s speech shows that China’s door to opening up will not be closed, but will only open wider and wider.” KPMG Asia Pacific and China Chairman Tao Kuangchun said that China’s confidence and determination to further open up service trade will not change. This is a move forward. An important guarantee for opening up to the outside world at a high level and creating a new height for the modern service industry.
Huang Chenhong, Executive Vice President of SAP and President of Greater China, said that China’s increased openness and expansion of cooperation space will undoubtedly further stimulate its own innovation vitality, promote collaboration and development of all parties, especially strengthen the construction of rules in the service field, and create digital The trade demonstration zone further enhances the confidence of multinational companies in the Chinese market.
Epson, which participated in the conference for the first time, regarded the Service Trade Fair as “a very important stage for display.”
As the first batch of multinational companies to enter the Chinese market, Epson has developed and expanded simultaneously with the Chinese market. Epson (China) Co., Ltd. President Minghong Shen Shi said in an interview with a reporter from China Youth Daily and China Youth Daily that the Service Trade Fair will build a new platform for exhibitions, exchanges, negotiations, and cooperation for governments, international organizations, and global service trade companies and institutions. , To discuss sustainable development, achieve win-win cooperation and create new channels. Shenshi Minghong hopes to develop more in-depth cooperation with more Chinese partners in the future, create a win-win situation, and continue to maintain the rapid growth of business in China.
Ivan Candias, Charge d’affaires of the Serbian Embassy in China, believes that China’s determination to open up to the world is consistent with Serbia’s many needs. Candias said: “China has become synonymous with’technical progress’ and is leading the cooperation between the two countries on a new path of digital development.”
Wei Shujie, President of Michelin China, is also very happy to see China pursue a higher level of openness. He said: “To truly achieve globalization in the context of the epidemic, we need greater openness, more open than in the past.”
Pay attention to the construction of rules and set a benchmark for “sustainable development”
“Number” is the key word of this year’s Service Trade Fair. Digital trade is a new form of global trade and a new engine for future trade. In 2020, China’s service trade volume that can be digitally delivered is 294.76 billion U.S. dollars, accounting for 44.5% of the total service trade.
President Xi Jinping emphasized that we will strengthen the establishment of rules in the service sector, and support Beijing and other places to carry out the first trial of international high-level free trade agreement rules to create a digital trade demonstration zone. In response, Argentine Ambassador to China Niu Wangdao said: “(Paying attention to leading rule building) is China’s performance as a responsible power.”
Digital trade is booming, but we must also see that the current digital economy still faces challenges. Bai Chongen, Dean of the School of Economics and Management of Tsinghua University, is also paying attention to the issue of data rules in service trade. He believes that with the increasing development of e-commerce, data governance issues are becoming more and more prominent. Although there are currently some data governance measures, there are still uncertainties in their implementation, and some measures have not yet formed laws and regulations.
If Bai Chongen is concerned with the partial topic of data governance in trade in services, then the discussion at the first China International Trade in Services Legal Forum on September 3 focused on the construction of the legal level of trade in services. Many officials and experts released the signal at the forum that Beijing should actively build an international commercial arbitration center, and believed that this is an indispensable section for Beijing to build a “comprehensive demonstration zone for the expansion and opening of the national service industry.”
After the 2020 Service Trade Fair, the State Council approved Beijing to build a “National Service Industry Expansion and Opening Comprehensive Demonstration Zone,” making Beijing the only “two-zone” city in the country that has both a free trade zone and a service industry demonstration zone. During the construction of the “two districts” in one year, the importance of the development of legal services has become more and more prominent.
Demonstration means a kind of beginning and benchmarking. Li Jun, director of the Institute of International Trade in Services of the Ministry of Commerce, believes that turning Beijing and other places into digital trade demonstration zones can promote more good experience to the whole country and stimulate the development potential of digital trade on a larger scale. Gong Sen, director of the International Cooperation Bureau of the Development Research Center of the State Council, also pointed out that the upgrading and construction of the national service trade innovation development demonstration zone is an important measure for China to promote the further opening of service trade.
Pay attention to the reform of system and mechanism, and reshape the new driving force of development under the new normal
Qualcomm, which has grown from an innovative small and micro enterprise, has empathy for the challenges faced by SMEs in their growth process. Qian Kun, senior vice president of Qualcomm, was deeply impressed by Chairman Xi Jinping’s “will continue to support the innovation and development of small and medium-sized enterprises” in his speech. Deepening the reform of the New Third Board, the establishment of the Beijing Stock Exchange, and the creation of a main position for service-innovative small and medium-sized enterprises is a blockbuster announcement announced at this session of the Service Trade Fair, and it also shows the importance my country attaches to the development of small and medium-sized enterprises.
Qian Kun said that strong intellectual property protection is essential to the development of small and medium-sized enterprises and even the realization of sustainable innovation. China has realized the importance of a sound intellectual property system, and many efforts in recent years have also proved this point. A strong intellectual property system provides an important environment for the occurrence of technological progress, which helps ensure that countries and enterprises achieve innovation and economic growth.
“The establishment of the Beijing Stock Exchange will promote the innovation and development of SMEs and promote the formation of a diversified capital structure.” Tao Kuangchun said, “This enables the capital market to better serve the real economy and promote innovation, which will have a profound impact on service trade. .”
China continues to promote reforms and improve the governance system of international service trade rules, to further provide a convenient and open environment and institutional guarantees for multinational companies to enter China, and it has also increased the interest of multinational companies in investing in China and actively integrating into the Chinese market.
At the “Service Trade Facilitation from the Perspective of Multinational Companies” summit forum held on September 3, Bristol-Myers Squibb, the world’s leading biopharmaceutical company, compared its development strategy in China with the “Healthy China 2030” Planning Outline. surface. In the future, Bristol-Myers Squibb plans to introduce a rich global product line into China as soon as possible, and hopes to contribute to the creation of an innovative ecosystem of biomedicine in China.
The “Circle of Friends” of the Service Trade Fair is getting bigger and bigger, with 153 countries and regions participating in the fair, and tens of thousands of companies cooperate and exchange, which is injecting more impetus into the global economy. Zhang Junkuo, member of the Party Leadership Group and Deputy Director of the Development Research Center of the State Council, said that no country can face these difficulties in the recovery and development of the world economy independently of the world. Open cooperation is more important and precious than ever. Only by deepening an open, inclusive, win-win and sharing partnership between countries can lasting and steady development be achieved.
Our newspaper, Beijing, September 5th
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