Experts call for more efforts to bolster trade in services

As China charts its course through the intricacies and uncertainties of the global trade climate, the emphasis on expanding trade in services is gaining increasing importance, particularly in harnessing the immense potential of knowledge-intensive services and digital transformation, analysts said on Monday.

However, the sector still faces a host of challenges stemming from structural imbalances, discrepancies between some regulatory standards and established international norms, and further fine-tuning of foreign investment access, they added, calling for greater efforts to strengthen weak links.

In the first half of the year, China's trade in services maintained robust growth momentum, with the total volume of service imports and exports reaching about 3.6 trillion yuan ($501 billion), up 14 percent year-on-year, the Ministry of Commerce said on Friday.