Foreign firms to gain wider market access
China DailyThe central business district in Beijing on Sept 7, 2018. With the acceleration of economic globalization, trade in services has increasingly become an important part of international trade and a key area in economic and trade cooperation among countries, Xi noted, adding that it has injected fresh impetus into the global economy. China stands ready to intensify cooperation with various countries on trade in services and investment, enhance liberalization and facilitation of trade and investment, and push for economic globalization to develop in an open, inclusive, mutually beneficial, balanced and win-win manner, Xi said. Formerly the China International Fair for Trade in Services, the fair aims to have global influence and lead the innovative development of domestic and global trade in services. "China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.