Dozens of new measures to boost China's service trade sector, promote cross-border sectors

China will launch over 70 policies and measures to drive high-quality development in service trading and implement a more active opening-up strategy to advance cross-border service sectors, an official from the Ministry of Commerce announced at a press conference in Beijing on Tuesday.

The measures aim to promote a more open system, facilitate a smoother flow of resources across borders, drive innovation in key sectors, expand international markets, and improve support systems.

In traditional sectors such as tourism and international transportation services, measures will aim to boost competitiveness and enhance operations. Specialized measures will also target emerging sectors with a focus on professional services such as finance, consulting, design, certification, and accreditation, aimed at strengthening the internationalization of China's professional institutions.

"To align with the integrated development of services and manufacturing, we have proposed specific measures to accelerate the high-end development of service outsourcing and promote the integrated growth of services and commodities. In response to the green economy, we have introduced measures to support green and low-carbon development," said Tang Wenhong, China's Assistant Minister of Commerce.

During the press conference, officials emphasized that China will gradually adopt a more open strategy to expand and liberalize its service sectors.

As part of these efforts in recent years, the country has been shrinking its negative list -- the list of sectors for which foreign investment is restricted.

Looking ahead, officials said China will establish an improved management system for the negative list in the cross-border services industry. By aligning with international high-standard economic rules and deepening domestic reforms in service sectors, the system will aim to reduce the cost of cross-border services through synchronized regulations and coordinated systems.

According to Tang, the country's special economic zones will play a vital role in this transition.

"We will first leverage the role of pilot free trade zones and the Hainan Free Trade Port to conduct pressure tests and gradually open up national cross-border services. Additionally, we will expedite the creation of demonstration zones for innovative service trade development and build platforms for reform, opening up, and high-quality development in the service trade sector," said the assistant minister.

Dozens of new measures to boost China's service trade sector, promote cross-border sectors

China is committed to advancing nuclear energy development and is willing to collaborate with other members of the International Atomic Energy Agency (IAEA) to tackle global challenges, said a Chinese official on Monday.

Liu Jing, vice chairman of the China Atomic Energy Authority, made the remarks at the 68th Regular Session of the IAEA General Conference in Vienna, Austria, the agency's headquarters.

Addressing the opportunities and challenges presented by global sustainable development, China is prepared to collaborate with the IAEA and its member states to enhance nuclear safety and tackle both traditional and emerging challenges related to nuclear safety, security and proliferation risks, said Liu.

China will make efforts to enhance the resilience and security of the global nuclear industry supply chain, foster collaborative innovation in nuclear energy technology, and expand nuclear scientific research facilities and experimental platforms together with IAEA member states in an orderly manner, said Liu.

China is willing to promote universally beneficial and inclusive nuclear energy development and increase resource investment with global partners, so as to provide more support and assistance to the Global South countries for peacefully using nuclear energy and for promoting modernization and sustainable development, said Liu.

China once again reiterated its opposition to Japan's release of nuclear-contaminated wastewater from the crippled Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean, calling for the establishment of a monitoring arrangement that is carried out in an effective and independent manner, so as to safeguard people's health and ensure a safe global marine environment, said Liu.

China committed to promoting nuclear energy development with IAEA members: official