Opening up of services seen broadening

From 2012 to 2023, average annual growth of sector's trade reached 6.2%

China will further open up its services sector, promote convenient cross-border flow of various innovation elements, and optimize the environment for the growth of trade in services, a senior official said.

The State Council, China's Cabinet, released a policy document earlier this month regarding promotion of the development of trade in services through high-standard opening-up. The guideline addressed key points in supporting the development of trade in services and will encourage an innovative environment for the growth of the sector.

"Currently, China's services trade is embracing an important period of innovation and growth. The document will guide China's services trade growth in the future," Tang Wenhong, assistant minister of commerce, said during a news conference on Tuesday.