Opening-up of services sector being accelerated

BEIJING — China is accelerating the opening-up of its services sector through measures such as fast-tracking the implementation of pilot projects, expanding related coverage, and enhancing stress testing and the replication of successful practices, according to the Ministry of Commerce.

Against the backdrop of rising unilateralism and protectionism globally, China's push to expand voluntary opening-up in an orderly manner represents its concrete efforts to inject more certainty and stability into the world, Ling Ji, vice-minister of commerce and deputy China international trade representative, said recently at a news conference.

China's State Council recently approved a plan that aims to expand comprehensive pilot programs to accelerate the services industry's opening-up, which includes 155 pilot tasks across key areas such as the opening of key services sectors and the promotion of industrial innovation and development, Ling said.