Opening-up service sector can enhance overall competitiveness

International manufacturing companies have been realizing the transformation from being traditional manufacturers to service providers, and they occupy the high end of the value chain in the smile curve, while most Chinese manufacturing companies are in the manufacturing link, with relatively thin profits.

With the abuse of tariffs by the United States raising costs and upsetting the supply chains of some of the country's globalized production brands, Chinese private enterprises should become the main force in the development of high-end productive service industries.

With this in mind, the central authorities introduced the latest progress of the implementation of the Work Plan for Accelerating the Comprehensive Pilot Program for Expanding Opening-up of the Service Sector that was released earlier this month at a news conference in Beijing on Monday.