In 2025, China will fully implement the negative list for cross-border trade in services which was rolled out last year, and launch new measures to boost opening-up in various sectors, said He Yadong, spokesman for the Ministry of Commerce, at a press conference in Beijing on Thursday.
He noted that developing service trade and boosting service consumption are crucial to stabilize foreign trade and drive domestic demand.
"We will fully implement the negative list for cross-border service trade, progressively open up various sectors to international trade, take the initiative to align with high-standard international economic and trade rules, and work with relevant departments to introduce a batch of new measures of opening up in sectors of telecommunications, education, culture, medical care, and finance," he said.
The ministry will also introduce policies to boost domestic consumption in sectors of household services, digital services, and sports, and increase the supply of high-quality services. Efforts will also focus on fostering new business models, innovating service consumption experiences, and improving the satisfaction of consumers, according to He.
China rolled out the national version of negative list for cross-border trade in services in March 2024.
The national-level list consists of 71 items. It compiles and summarizes market entry measures across various sectors, emphasizing that services and their providers in sectors not included on the list will be treated equally, whether at home or abroad, according to the ministry.
China to implement negative list for cross-border service trade
