Sharing Smart Services,Jointly Promoting Trade Development

In 2024,the China International Fair for Trade in Services (hereinafter referred to as CIFTIS) opened in the China National Convention Center and Shougang Park on September 12th.The theme of the CIFTIS this time was"global services,shared prosperity",which is not only a window for allowing the world to discover the development of China's service trade,but is also a bridge for promoting global cooperation with regards to the service trade.As one of the world-famous service trade events,the CIFTIS has become an important business card allowing China to open up.The CIFTIS has attracted the attention of the whole world and become a bridge for all parties to share development opportunities,promote industrial growth,and strengthen communication.

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].

Trade-Offs and Synergie Effects of Regulating Ecosystem Services along an Climatic Gradient in Slovakia

This study aims to assess the synergies and trade-offs of regulating ecosystem services. Ecosystem services are non-linearly interconnected and changes in one service can positively or negatively affect another. We evaluated ecosystem services based on biophysical indicators using an expert scoring system that determines the corresponding soil functions and is part of the existing databases available in Slovakia. This methodological combination enabled us to provide unique mapping and assessment of ecosystem services within Slovakia. Correlation analysis between individual regulating ecosystem services and climate regions, slope, texture, and altitude confirm the statistically significant influence of climate and slope in all agricultural land, arable land, and grassland ecosystems. Statistically significant synergistic effects were established between the regulation of the water regime and the regulation of soil erosion within each climate region, apart from the very warm climate region. Only in a very warm climate region was potential of regulating ecosystem services mutually beneficial for soil erosion control and soil cleaning potential (immobilization of inorganic pollutants).

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.

Service with a Smile

THE sprawling 224-square-meter British national pavilion opened in style at the 2023 China International Fair for Trade in Services(CIFTIS)in Beijing on September 2,by launching a miniature Tower Bridge,the iconic drawbridge of London over the Thames.As the guest country of honor.

Trade-offs and Synergies of Ecosystem Services in Karst Area of China Driven by Grain-for-Green Program

As an important means regulating the relationship between human and natural ecosystem,ecological restoration program plays a key role in restoring ecosystem functions.The Grain-for-Green Program(GFGP,One of the world’s most ambitious ecosystem conservation set-aside programs aims to transfer farmland on steep slopes to forestland or grassland to increase vegetation coverage)has been widely implemented from 1999 to 2015 and exerted significant influence on land use and ecosystem services(ESs).In this study,three ecological models(In VEST,RUSLE,and CASA)were used to accurately calculate the three key types of ESs,water yield(WY),soil conservation(SC),and net primary production(NPP)in Karst area of southwestern China from 1982 to 2015.The impact of GFGP on ESs and trade-offs was analyzed.It provides practical guidance in carrying out ecological regulation in Karst area of China under global climate change.Results showed that ESs and trade-offs had changed dramatically driven by GFGP.In detail,temporally,SC and NPP exhibited an increasing trend,while WY exhibited a decreasing trend.Spatially,SC basically decreased from west to east;NPP basically increased from north to south;WY basically increased from west to east;NPP and SC,SC and WY developed in the direction of trade-offs driven by the GFGP,while NPP and WY developed in the direction of synergy.Therefore,future ecosystem management and restoration policy-making should consider trade-offs of ESs so as to achieve sustainable provision of ESs.

The Upgraded CIFTIS As A Platform for Global Service Trade

The 2019 CIFTIS(China International Fair for Trade in Service)themed on 'openness,innovation,wisdom and integration' has recently closed down in Beijing.This year CIFTIS has been upgraded to national exhibition and witnessed the signing of 440 project contracts with the total contract value of USD 105.06billion,a record high in the event history.There are 134 projects in foreign countries with total contract value of USD 17.55 billion.

2019 World Trade Report:Shares of Service Trade up by 50%

On November 6th,2019 the Ministry of Commerce and WTO co-issued the Chinese version of 2019 World Trade Report at the Press Center of National Exhibition and Convention Center(Shanghai).Zhang Xiangchen,Standing Ambassador of China to WTO,said at the event that this is the second year that the Chinese version of 2019 World Trade Report is issued during the China International Import Expo,showing China’s unwavering stance to support multi-lateral trade.

China's Service Trade and Dwindling Current Account Surplus

Recent years have seen sharp increases in China’s trade de ficit in services,especially in tourism,arousing concerns over a potential capital flight from China.Such concerns appeared to be justi fied by China’s balance of payments data,whose statistical scope was of ficially modi fied retroactively since 2014.To overcome the impact of changing statistical approach,this paper uses banks’cross-border customer payment and receipt data to re-estimate China’s service trade,and finds that China’s service imports did not increase abnormally from 2014 to 2016 as some researchers reckoned.With the re-estimated service trade data,we find that the relationship between China’s GDP per capita and travel imports as a share of service imports since 2001 tallies with those of emerging Asian industrial countries before the Asian Financial Crisis in 1997,indicating that China’s travel import growth in recent years did not deviate from the long term trend and international experience.Furthermore,this paper finds that China’s travel imports did not signi ficantly in fluence the stock and housing markets in the US,Hong Kong and the EU as major travel destinations,thus refuting the argument that massive capital has fled China for overseas markets.

CIFTIS: A Barometer of Global Trade in Services

CIFTIS is the world’s largest comprehensive fair for services trade,and also an important platform to showcase China’s services.According to the organizers,this year’s CIFTIS reached 1,627 outcomes,including624 contracted projects,223 investment projects,200 agreements and contracts,158 official publications,46 cooperation platforms,139 innovation debuts and 264 rating and recommendations.

CIFTIS: Using Action to Promote the Development of Trade in Services

CIFTIS(the China International Fair for Trade in Services)was held in Beijing in September,2020.As the world’s first comprehensive exhibition of trade in services,CIFTIS has built a bridge of mutual communication and a transaction platform for tens of thousands of enterprises across the world.CIFTIS was also the first international trade and economic event held offline by China since the outbreak of COVID-19 pandemic.The event focused on the theme“global services and shared prosperity”and exhibited the achievements of China’s trade in services.The Chinese government has used its practical actions to deepen international cooperation,stimulate the world’s economic development and promote global trade development.

Deepen International Cooperation, and Share New Opportunities for Trade in Service

AS one of the highlights of the 2020 China International Fair for Trade in Services(hereinafter referred to as CIFTIS),the“Summit Forum on Trade Facilitation in Services:the Perspective of the Multinationals”was held on September 5.Guests from different countries and regions reached a consensus during the exchange and discussion,and all agreed that trade in service has the potential for world economic growth and will provide new opportunities for the development of global enterprises.As long as China continues to push forward the reform and opening-up of its service industry,“China Service”will benefit both itself and the whole world.

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

Analysis of the Impact of Service Trade on Economic Development of Guangdong Province

Abstract Service trade is an important part of international trade.Since the late of twentieth Century,the international transfer of service industry for international service trade with the rapid development of information technology gradually spread in the world,which has become a new hot spot in the current international trade.It is important to promote the development of trade in services for Guangdong Province,actively attract Multi-National Corporation investment in the service industry,to undertake international service outsourcing,and vigorously promote the imports and exports of service industry,to promote the transformation of trade structure adjustment and growth mode.

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

Upholding the Opening for the Chalenge of the World Service Trade

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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。