Analysis of the Characteristics and Development Direction of Services Trade in Shandong Province of China

Shandong is a significant province for foreign trade in China;however,it still faces shortcomings in the development of its service trade,as outlined below.Firstly,the scale of service trade is limited.Shandong’s service trade volume ranked sixth in China in 2022,lagging considerably behind Shanghai,Guangdong,Beijing,Zhejiang,and Jiangsu.Secondly,the proportion of service trade in Shandong compared to the overall national services trade volume falls below the national average,with the per capita scale even lower than the national average.Thirdly,Shandong’s service trade accounts for less than 10% of the province’s foreign trade,which is 3 percentage points below the national average.The insufficient development of Shandong’s service trade is mainly attributed to the weak performance of its own service industry and the limited scale of attracting foreign services investment.Accelerating the development of producer services in Shandong,promoting the intelligent upgrading of consumer services,and continuously promoting reform and opening up in the service sector will be conducive to achieving high-quality development of services trade in Shandong.

Exploration of the Construction of Economic Service Trade System under the Background of Hainan Free Trade Port

China has a large population,a large middle-income group,and a wide consumer market coverage.In the context of economic globalization,the connection between the Chinese economy and the world industrial chain has been further strengthened,contributing to the development of the global economy.Under the background of the Hainan Free Trade Port,building an economic service trade system will help to create a new highland for economic service trade,promote the development of China’s service trade,and facilitate the rational allocation of resources on a global scale.Because of this,the article will analyze the opportunities for building an economic service trade system and the challenges of building an economic service trade system under the background of Hainan Free Trade Port,and focus on analyzing the path strategies for building an economic service trade system to create a high-level new highland of service trade and actively face the challenges of era development and economic upgrading[1].

Re-Evaluation of China＇s Service Trade Competitiveness： A Global Value Chain Perspective

Based on the Worm Input-Output Database （WIOD）, this paper conducts a forward-linkage decomposition of value-added in trade to estimate China＇s service value-added exports and its service sector＇s international competitiveness during 2000- 2014. Result indicates that during the sample period, China＇s service exports measured by forward-linkage decomposition method accounted for around 35% in its total export. While the value of services exported directly through the service sector accounted for a falling share, the value of services exported through other sectors represented an increasing share. China ranks second in the world in terms of market share of service exports. However, the revealed comparative advantage （RCA） of China＇s service exports and export sophistication remains limited.

Analysis of services trade and employment in China by co-integration and causality

This article describes a study by co-integration test and Granger causality test on the relationships between China's services trades and employment using the data of services trade from the WTO website and the employment data from China Statistic Yearbook for the years from 1982 to 2003. Co-integration test showed that 1% increase in export value and import value of services created respectively 0.205% and 0.068 7% more job opportunities in the service sector. Both export and import of services impacted positively on employment in service industry, and export did more than import. However, in the short run, the impacts of services export and import on employment in service industry were both very small, though positive; and the impacts of employment in service industry on both export and import of services were very big, but not stable. Granger causality test indicated that employment in service industry was a Granger cause of services export. The findings highlight the importance of facilitating services import and reducing import barriers, and suggest that the competitiveness of China's labor- intensive services trade can be exploited to boost services export and help employment in service sector, and that the structure of services trade should be optimized by shifting from labor-intensive to knowledge-and technology-intensive services thus to enhance China's competitiveness of services export.

OPENING UP NEW PROSPECTS FOR CHINA'S SERVICE TRADE LED BY TOURISM

Since the launch of the reform, China’s service trade has been growing at a much faster speed compared to that of the rest of the country’s economy and world trade. In developing commodity trade, we are also engaged in technology trade, service trade and international investment, making efforts to achieve fusion and mutual promotion. Now, we are speeding up the opening

CHINA'S SERVICE TRADE MAKING USE OF FOREIGN INVESTMENT

At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a long period of time, China’s service trade has lagged far behind other developed countries, with such long existing problems

CAS stresses service trade standardization

The Service Trade Branch of China Association for Standardization,the first of its kind in service trade sector,was officially established in Beijing at an inaugural ceremony on December 15,2017.Service trade plays a significant role in the open economic development,and the five-year plan on service trade development released in March defines a series of measures that can be promoted and achieved by standardization work,Zeng Yafei。

The Impetus for RCEP in Facilitating the High-quality Development of the Tourism Service Trade in Yunnan Province,China

The present world pattern has undergone major changes,the trend of world multi-polarization is constantly emerging,and peace and development remain the main themes of today’s society.The formal signing and implementation of the Regional Comprehensive Economic Partnership(RCEP)is important for meeting the needs of peace and development of many countries and regions.China is in a new era of reform and opening-up,and the RCEP content is in line with China’s concept of pursuing a path of rejuvenation.Based on the locations of important borders,Yunnan Province has become one of the key places for China’s opening-up and development regarding Southeast Asia and South Asia,and the high-quality development of its tourism service trade is of great significance.This study first used the grounded theory analysis method to organize,analyze and process the records of international conferences and government press conferences held in Yunnan Province,as well as important related issues since the signing of RCEP.Then,the social network analysis method was used to analyze the social recognition degree of RCEP in promoting the high-quality development of the tourism service trade in Yunnan Province from the perspectives of different levels and group consensus.The results show that cooperation is the key macro driving force for RCEP in promoting the high-quality development of the tourism service trade in Yunnan Province.Regarding the opportunities and environment of the transportation dividend,policy dividend and investment dividend,port construction,border township construction and exhibition-related construction are important cooperation contents,so they are conducive to the recovery of the tourism industry in a broader development space.Competition can improve the driving force of RCEP in promoting the high-quality development of the tourism service trade in Yunnan Province at the micro level,and has more practical significance.For example,RCEP can better rely on its own geographical advantages and international market competitiveness,optimize the use of resources inside and outside ports,and use high-tech products to form a more green,ecological,organic and sustainable development.In different levels of social identity,RCEP’s power of cooperation is more strongly recognized,while the power of competition is less recognized.However,from the perspective of grouping the various groups,RCEP’s powers of cooperation and competition are jointly recognized by the other groups,indicating that cooperation and competition are necessary for the realization of RCEP’s power.The results of this study provide a certain reference for understanding the dynamics of RCEP in more detail from more angles and for the local implementation of RCEP rules and measures.

Balancing Openness and Protection:Homogenization of Regulatory Laws in Digital Service Trade

Digital service trade has emerged as a pivotal engine for global economic transformation and development.However,the implementation of differentiated regulatory measures for trade in digital services among economies has led to increasingly frequent trade disputes.This paper constructs a regulatory homogeneity network for digital service trade in 60 major economies,and systematically evaluates the structural characteristics of the network and the regulatory homogeneity among economies from 2014 to 2021.Furthermore,this paper empirically examines the impact of the partnership characteristics of regulatory homogenization in the network of major economies on their exports.The analysis of the network structure shows that major economies are more inclined to optimize and simplify existing trade partnerships,and are moving towards more diversified restrictive measures in the regulatory model of digital services trade,which has led to the rise of trade protectionism.The empirical text results show that expanding and deepening the regulatory homogeneous partnership of trade in digital services promotes the export of digital services in major economies.This promotion effect is mainly achieved by reducing the cost of digital service trade and enhancing business trust.In addition,the export promotion effect of developing regulatory homogenization partnerships is better than that of increasing the openness of digital service trade,and the homogenization of policies between openness and protection is more important.This paper provides important implications for coordinating the openness and security of digital services trade:China should actively cooperate with multilateral and bilateral digital service trade partners to jointly build a homogeneous environment for regulatory regulations.In particular,it is necessary to deepen the regulatory homogeneity partnership with Asian and developing economies to expand the infl uence of the“China model”in the global regulation of digital services trade.

Technological Content of the Import of Services and the Transformation of Growth Patterns of China's Industrial Economy

Based on the latest approach for measuring technology content of import of services and with the contribution of total factor productivity(TFP) to gross industrial output as the indicator for measuring the growth pattern of China's industrial economy,this paper provides an empirical study on the effect of import technology content of trade in services on the development pattern of China's industrial economy between 2004 and2011.Result of econometric test reveals that the technology content of import of services has a significant positive effect on transforming the growth pattern of China's industrial economy.Moreover,import of new types of trade in services with high technology such as computer and information services has a much stronger positive effect compared with import of traditional trade in services with relatively low technology content such as transport.In terms of different industrial sectors,technology content of import of services has the greatest effect on transforming the development pattern of China's technologyintensive industrial sectors,followed by capital-intensive,resource-intensive and laborintensive sectors respectively.Transformation of the development pattern of China's industrial economy cannot be isolated from the system of global division of work.Against the backdrop of global service sector fragmentation,China should take the important opportunities in the development of global trade in services and give more attention to improving the quality of import of services in the interest of transforming the development pattern of its industrial economy.

An empirical study on the international competitiveness tourism trade in Mongolia

With the rapid development of world trade, tourism and trade in services plays a more important role in a country＇ s economic and trade activities, and as a measure of a country＇s international competitiveness of the important criteria. Tourism service trade competence if individual countries are becoming stronger.

Measurement and Characteristics of the Integration of China’s Trade in Services into Digital Global Value Chain

In this paper,the characteristics of digital trade in services of China are measured and revealed from the perspective of digitalization of trade in services.A digital global value chain is constructed and comprehensively analyzed at the three levels of path decomposition,two-way digital connection and bilateral connection.The study finds that the digital added value of China’s services driven by domestic demand outweighs that driven by foreign demand,and most countries engage in digital trade in services with China through simple participation;the role of China’s services in the digital global value chain is shifting from“digital value input”to“digital value output”,but its relative position is still low;China’s dependence on the import of digital intermediate products from developed countries has been significantly reduced,and the country has become the main source of digital intermediate imports for most countries,acting as a“hub”in the digital global value chain.This study comprehensively evaluates the strategic positioning and paths of integrating China’s services into the digital global value chain in multiple dimensions under the unifi ed accounting framework.It provides the reference for further improving the statistics accounting framework of China’s digital trade and promoting the high-quality development of the digital economy.

On international trade in educational services:an interpretation of the regulations and China’s WTO commitments

The General Agreement on Trade in Services(GATS)of the World Trade Organization(WTO)covers educational trade services.Hence,all the regulations of the GATS have to be followed in the international trade of educational services.Having acceded to the WTO,China is starting to fulfill the rights and obligations as a member by completely respecting international trade,services and intellectual property laws.At the same time,it is also starting to fulfill some of the commitments it made in the GATS,such as expanding activities on trade in educational services.Comprehending the fundamental regulations and China’s commitments is significant towards promoting China’s international trade in educational services.

Econometric Analysis of Transport Sector on Economic Growth in Rwanda (1999-2018)

The purpose of this study was to examine Econometric analysis of transport sector on economic growth in Rwanda for the period of 1999 up to 2018. It’s an empirical study which used econometric techniques such as unit root test, Engle granger test/cointegration test, linear regression model and the error correction model to analyze the contribution of transport sector on economic growth based on Gross Capital formation in terms of transport infrastructures, trade balance as import and export can be affected by transport system, and contribution of transport services to economic growth. This study found that, there was a strong statistically significant relationship between GDP and transport sector as measured by transport services for both short run and long run as it is shown by R-squared of 0.997316 and 0.782009 of the long run regression model and error correction model respectively. ECM showed a quick recovery of 81.3% every year after a shock happen. This study concluded that there is a short run and long run relationship between Transport service and economic growth. This study recommends that policy implication that can be deducted from this study to facilitate transport sector through expansion of road networks and maintenance of existing road networks coupled with revitalization of alternative mode of transportation such as air transport, rail system and waterways will significantly improve the growth of the

An Empirical Analysis on the Factors Influencing Actual Utilization of Foreign Capital in China

With the scale of actual utilization of foreign capital in our country appears to be increasing year by year with the increase of reform and opening up.Based on the data published by the National Bureau of Statistics from 1999 to 2018 on the actual use of foreign capital,we selected several reasonable indicators as the main influencing factors from an economic perspective,and constructed a econometric model.This paper examines and analyzes the factors affecting the actual use of foreign capital in China,and puts forward corresponding policy suggestions according to the empirical results.

Shanghai Pilot Free Trade Zone and the National Strategy of Opening-up to Boost Reform

China＇s Shanghai Pilot Free Trade Zone （hereinafter referred to as ＂SHFTZ＂） has been running for more than one year so far. The establishment of the SHFTZ is an important Chinese strategy in a key stage when the global and Chinese economies are both undergoing significant transitions, which will have a far-reaching impact on China＇s transformation and development in the long term. Based on his own experience accumulated from participating in the preparation of the overall plan for the SHFTZ and his observations since its official operation officially began, the author conducts review of issues such as expected goals, selection of implementation methods and determination of evaluation criteria with respect to the establishment of the SHFTZ. In his view, the SHFTZ is a key element in China＇s national strategy of using opening-up to force further reforms.