How can China's service industry open up to the outside world to support a modern industrial system?

2023-07-03

In recent years, with the development of information technology, the global division of labor in the service industry has accelerated, placing higher demands on the openness of the service industry. Nowadays, building a modern industrial system has become one of the key research issues in China's economic work. To support the modern industrial system, how can China's service industry open up to the outside world "take it to the next level"? Han Wenxiu, the deputy director in charge of daily work of the office of the Central Financial and Economic Affairs Commission, wrote that the modern service industry is an important support for the modern industrial system. Developing high-quality, efficient, and modern service industries is not only an urgent need for industry chain extension and value-added, but also an inevitable requirement to meet the constantly upgrading high-quality and diversified needs of the public. Promoting the high-level opening up of the service industry helps to further support the high-quality development of the modern industrial system. Liang Peng, associate professor of the School of Economics of Beijing Technology and Business University, believes that in the production link, the demonstration effect and competitive effect brought by advanced producer services can provide better services for the transformation and upgrading of the manufacturing industry. In the exchange link, a higher level of service industry supply brings a more smooth and efficient circulation system, which can better connect production and consumption, and smooth the internal circulation of the economy. In the consumption sector, promoting the opening up of the service industry at a high level can help increase the supply of high-end services and better meet domestic service demand. Liang Peng also pointed out that service trade is a link connecting the division of labor in the global value chain. Promoting the expansion and opening up of the service industry at a high level can help improve the degree of liberalization and facilitation of service trade, enable domestic enterprises to deeply participate in the global value chain, and attract high-quality factors to flow domestically. In recent years, with the high-level opening up of China's service industry to the outside world, cross-border digital trade has ushered in new opportunities, cultivating new momentum for the high-quality development of the modern industrial system. The international data port located in the new Lingang area of Shanghai is a typical example. In 2021, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting the High Level Reform and Opening up of Pudong New Area to Build a Leading Zone for Socialist Modernization Construction" was released, clearly requiring Shanghai to build an "international data port". Over the past two years of construction, the International Data Port has been committed to promoting convenient cross-border data circulation and providing "data power" for Chinese enterprises to "go global". At present, the International Data Port has made innovative achievements in China's excellent culture and convenient access to international education resources, and is further expanding to new forms of digital trade, international Financial innovation cooperation, international supply chain visualization, international data outsourcing services, foreign-related commercial dispute proof, global cloud services and other new fields. The core capabilities of the International Data Port are gradually transformed into economic and technological development power, Provide new driving force for the construction of a modern industrial system. China's information technology and security technology are very developed, but its share in the international market still needs to be improved. We hope to help Chinese enterprises' go global 'and provide support for China's advanced technology, products, and services to go global. "said Li Jing, General Manager of Shanghai Lingang New Area Cross border Data Technology Co., Ltd. According to a report recently released by the Institute of Financial Strategy of the Chinese Academy of Social Sciences, the added value of China's service industry is expected to account for 59.05% of GDP by 2025. Expert analysis points out that expanding China's service industry to the outside world means more

Edit:XiaoWanNing    Responsible editor:YingLing

Source:China News Network

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