Chinese Vice Premier Ding Xuexiang put forward a three-point proposal on boosting the development of trade in services while giving a keynote speech at the Global Trade in Services Summit, which was held in Beijing on Wednesday.
Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said that services trade, an important component of international trade, plays an increasingly significant role in promoting global economic growth and industrial upgrading.
As the current international economic and trade landscape is rapidly being reshaped, developing services trade and promoting openness and cooperation in the service sector is not only China's choice but also a global necessity, Ding said.
He then put forward the three-point proposal.
First, he called for efforts to improve the quality, efficiency, and innovation capacity of the service sector.
Second, he stressed the leading role of openness, urging efforts to enhance the liberalization and facilitation of trade in services.
Third, he emphasized the need to strengthen the sharing of digital, intelligent technologies and services, and promote the connectivity of digital infrastructure.
Member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Beijing Municipal Committee Yin Li attended and addressed the summit.
Burundian President Evariste Ndayishimiye, Zimbabwean Vice President Constantino Chiwenga, Bulgarian Deputy Prime Minister Alexander Poulev, Acting Secretary General of the United Nations Conference on Trade and Development Pedro Manuel Moreno, and World Intellectual Property Organization Director General Daren Tang addressed the summit either via video or in person.
After the summit, Ding toured the exhibition hall of the China International Fair for Trade in Services (CIFTIS).
He met respectively with Poulev and Chiwenga on Wednesday afternoon.
He said during the meetings that China is willing to work with all parties to carry forward traditional friendship, strengthen strategic mutual trust, respect each other's core interests and major concerns, achieve more results in cooperation in key areas, and advance modernization through mutual benefit and win-win outcomes.
International dignitaries said that they attach great importance to developing friendly relations with China and expressed their willingness to deepen and expand practical cooperation with China across all fields to further advance bilateral relations.
Themed "Global Services, Shared Prosperity", this year's CIFTIS features a Global Trade in Services Summit, co-hosted for the first time by the World Intellectual Property Organization.
Running through Sept 13, the fair has drawn participants from 90 countries, regions and international organizations, with over 1,800 companies exhibiting on-site.
Chinese vice premier addresses Global Trade in Services Summit, meets int'l dignitaries
