Trading service is playing a more and more important role in the international business.
In recent years, China’s trade in services has developed steadily, and the scale of trade has expanded rapidly. The status and role of service trade in national economy has become increasingly prominent. WTO services trade rankings released by the World Trade Organization show that last year China’s import and export of services continued to grow, reaching a total of 470.58 billion US dollars, the global ranking to second place.
The structure of trade in services has been gradually optimized. Part of the high value-added services import and export growth rapidly. Exports of high value-added services grew rapidly, with growth of 17.8 per cent for consultancy services, 18.2 per cent for computers and information services, 18.6 per cent for advertising, 122.5 per cent for financial services, and 40.1 per cent for royalties and royalties Imports of high value-added services such as financial services increased by 158.4%, communications services increased by 38.6%, royalties and royalties increased by 20.7%.
According to an Analysis of Export Structure of Service Trade, based on the statistical data of the sub-items of China’s service trade in 1997-2006, tourism, transportation and other business services have been the three main sectors of China’s service trade export. The proportion of tourism services exports has been in the first place. Other business services exports accounted for the second largest share of services exports from 1997 to 2005, but declined from 31.3 per cent in 1997 to 21.5 per cent in 2006 and the third in 2006 Bit. Transport services in 2006 accounted for 23%, ranking second. In addition, the consulting industry showed a relatively rapid growth trend, accounting for 8.6% in 2006. Other services sector exports a lower proportion.