China’s trade in services consistently ranks among the top globally.

April 25, 2026, 9:00 AM
Xinhuanet
90
Guide
Highlights at a glance
First of all, the article introduces that the total import and export volume of China's service trade will exceed 8 trillion billion yuan in 2025, an increase of 7.4 percent over the same period last year, ranking firmly in the forefront of the world. Trade in services continues to be optimized, driven by institutional dividends such as the relaxation of visa-free policies and tariff reductions. Data for the first two months of 2026 show that the total trade in services reached 1.14 trillion yuan, knowledge-intensive services accounted for 42.5, and the import and export of travel services 362.59 billion yuan was the largest area. With the current deep adjustment of the world economy, trade in services has become a competitive highland among countries. The outline of China's "15th Five-Year Plan" proposes to vigorously develop trade in services. The 2026 government work report emphasizes the improvement of national standards for the service industry and the cultivation of the "Chinese service" brand. It is estimated that the scale of the service industry will exceed 100 trillion billion yuan during the 15th Five-Year Plan period. China is expanding its high-level opening to the outside world by reducing restrictions on foreign investment access, promoting the opening up of telecommunications and medical and other fields, holding several trade conferences on service trade, and expanding the pilot opening up of the service industry. Minister of Commerce Wang Wentao said that he will coordinate productive and living services, use the visa-free policy to expand the export of travel services, tap the export potential of culture and traditional Chinese medicine, promote the import of high-quality services such as medical and health care, and cultivate new growth points in foreign trade.
CNAUTO TDD-global