Chinese Vice Premier Ding Xuexiang called for international collaboration to reduce service trade barriers during the 2025 Global Trade in Services Summit in Beijing, emphasizing China's commitment to fostering global economic recovery through open markets.
A Three-Pillar Vision for Growth
Ding, a senior leader of the Communist Party of China, outlined a strategic roadmap to revitalize service trade amid rising protectionism. His proposals include:
Accelerating regulatory harmonization to lower trade barriers
Promoting digital innovation in AI and big data sectors
The summit saw participation from 800 global representatives, including Australian Prime Minister Anthony Albanese and WTO leadership. Ding later toured exhibition halls, reaffirming China's plans to increase service imports while creating opportunities for international businesses.
Balancing Growth and Governance
While advocating for liberalization, Ding stressed the need for 'high-standard institutional opening-up' – a nod to China's approach of combining market access with regulatory oversight. This stance positions China as both a reform advocate and stability guarantor in global service trade networks.
