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CHINA PRESS: China To Accelerate Opening Services Trade

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegion

Authorities will accelerate efforts to liberalise foreign trade and investment for services as China aims for high-level opening, according to a State Council executive meeting. Officials will support the international development of professional services such as finance, consulting, design, certification, education, and medical care, alongside cancelling restrictions on foreign investment in the manufacturing sector. The meeting showed goods and service trade were now of equal importance, said Yang Chang, chief analyst at Zhongtai Securities.

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Authorities will accelerate efforts to liberalise foreign trade and investment for services as China aims for high-level opening, according to a State Council executive meeting. Officials will support the international development of professional services such as finance, consulting, design, certification, education, and medical care, alongside cancelling restrictions on foreign investment in the manufacturing sector. The meeting showed goods and service trade were now of equal importance, said Yang Chang, chief analyst at Zhongtai Securities.