Speeding up Trade in Services as the Focus of New Opening-up

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      How can China balance the challenges of internal stability and new external changes? Chi Fulin, President of China (Hainan) Reform and Development Research Institute, believes that China has entered a new stage of opening up, and that it is necessary to accelerate the process of opening up services to achieve a high level of opening-up focusing on trade in services; this is not only a move to improve the quality of market economy, the integration of Opening-up and reform at home, but also to co-ordinate the two overall situations at home and abroad. New impetus.
In an interview with Reuters, the reformer, who has been engaged in the study of China's economic restructuring for nearly 40 years and has been questioned by senior officials for many times, pointed out that the development of high-quality manufacturing industry can promote the rapid growth of China's service trade, while private enterprises are the main force to promote the transformation and upgrading of manufacturing industry, and the integration of the three is not only China's. The important contents of stabilizing economy and employment are the three most prominent problems of economic transformation and upgrading in the future.
"Opening up is the greatest reform, through a high level of openness to promote China's economic transformation and upgrading." He said that in the coming period, whether it is to resolve short-term contradictions, realize medium-term and long-term economic transformation and upgrading, or deal with the uncertainty of Sino-US trade, the key is to stimulate the vitality of the market by comprehensively deepening reform.
The latest meeting of the Central Committee on Comprehensive Deepening Reform is also focusing on releasing several important breakthroughs in the direction of China's economic transformation and upgrading.
Chi Fulin, for example, said that in order to develop high-quality manufacturing industry, modern producer services focusing on R&D and finance were indispensable. At present, the trend of integration between modern manufacturing industry and modern service industry is becoming more and more obvious. It is a major trend to promote the transformation and upgrading of manufacturing industry with modern service industry, especially producer service industry. Only by speeding up the opening of domestic service industry market, can the transformation and upgrading of manufacturing industry be facilitated.


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