Trading

Xi stresses promoting prosperity of service trade, early recovery of global economy – CCTV

BEIJING, Sept. 4 — Chinese President Xi Jinping on Friday called for joint efforts to overcome difficulties to promote the development and prosperity of global trade in services and push for global economic recovery as early as possible.

He made the remarks while addressing the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services (CIFTIS) via video, underlining the need to boost global cooperation amid challenges.

“Today, with COVID-19 yet to be brought under full control at the global level, all countries face the formidable task to defeat the virus, stabilize the economy, and protect livelihoods,” he said.

“It is against such a backdrop that China decided to hold this important international trade event despite many difficulties in preparation. It shows China’s willingness to join hands with all of you in this trying time and work together to enable global trade in services to thrive and the world economy to recover at an early date,” he said.

PROPOSALS FOR COOPERATION

Calling the open cooperation in the service sector “an increasingly important driver for development,” he made three proposals.

Firstly, all countries should jointly foster an open and inclusive environment for cooperation, Xi said.

China will stay committed to further opening up, with measures including the establishment of a sound negative list management system in cross-border service trade, and the advancement of constructing open platforms for piloting innovative development of trade in services, Xi said.

The country will also continue to ease market access in the service sector and actively expand
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