Opinion: China Speeds Up Services Sector Opening
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China is stepping up efforts to open its vast services sector. The State Council recently approved a plan to expand pilot programs for service sector liberalization, assigning new tasks designed to align domestic practices more closely with international trade standards and encourage bold experimentation. The plan lists 155 specific pilot tasks across key service industries and areas like industrial innovation, many addressing practical needs identified in daily business operations and cross-border investment. Notably, it adds nine new cities — including Dalian, Ningbo, Shenzhen and Suzhou — to the existing pilot list, broadening the geographical scope of reform.
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- China is expanding service sector liberalization with a new plan covering 155 pilot tasks and adding nine cities to its reform list, aiming to align regulations with international standards.
- The service sector accounted for 60.2% of China’s 2023 GDP and employed 356 million people, but faces challenges in supply quality, structural optimization, and competitiveness.
- Recent reforms address foreign ownership and market access, with an emphasis on “institutional opening” to ensure high-quality economic growth and improved public services.
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