Structure Analysis of China’s Trading Service

Structure Analysis of China's Trading Service

Since the 1980s, with the refinement of the international division of labor and the rapid adjustment of the international industrial structure and the strengthening of the international economic integration, the service industry has become more and more important in the foreign trade of China, the speed of development exceeds that of international goods Trade, which attracts more and more attention from governments all over the world. Trade in services is becoming the focus of global economic competition.

Trade in services, also known as labor services, refers to the exchange of services between countries to provide services to each other. Trade in services has a broad and narrow sense, narrow trade in services refers to a country to provide direct service activities in the form of another country to meet a need to get paid for activities. Broadly speaking, trade in services includes both tangible living labor and intangible activities of service providers and users without direct contact. Trade in services generally refers to the broad sense.

Since 1997, China’s trade in services has developed rapidly, with exports rising from US $ 24.5 billion in 1997 to US $ 91.42 billion in 2006, a 3.7 times increase over the past 10 years. China’s service trade exports accounted for 3.2% of world trade in services in 2006, In the world No. 8; as of 2012, China’s service import and export amounted to $ 470.6 billion, an increase of 12.3%. Among them, the export of 190.5 billion US dollars, an increase of 4.6%.

The traditional transportation and travelling reached 58.8% of the total trading service, an increase of 2.2 percentage points over the previous year.

The export of high-value-added services such as consulting, computer and information services, advertising, financial services, royalties and royalties increased by 17.8%, 18.6%, 18.2%, 122.5% and 40.1% respectively over the previous year, ; Royalties, financial services, communications services import growth was significant, an increase of 20.7%, 158.4%, 38.6%. The scale of service trade deficit expanded. The deficit in services trade reached US $ 89.7 billion, a year-on-year increase of 1.6 times. The deficit is concentrated in the areas of transport services, tourism, insurance services, royalties and royalties; consulting, computer and information services, construction services realized a larger surplus.