Chinese authorities have introduced a comprehensive package of measures to strengthen services exports and promote sustainable trade growth. The Ministry of Commerce released a notice outlining 13 steps aimed at supporting high-quality development of services trade.
The measures focus on accelerating the growth of services exports, expanding opening-up, and fostering new momentum for foreign trade. According to the notice, financial support will be provided through central and local government funding to back new models of services exports. These include digital services, high-end design, research and development, green solutions, and supply chain management.
A special-purpose guiding fund will also be created to encourage private sector participation and investment in services trade. Authorities emphasized that such measures are vital for supporting innovation and building long-term competitiveness.
Efforts will be made to streamline tax rebate procedures for enterprises by using electronic platforms. Export credit insurance will also be expanded to provide better protection for companies engaged in services exports.
The government announced that visa policies will be optimized for professionals from foreign-invested enterprises, researchers, and international experts. It also plans to expand the number of countries benefiting from China’s unilateral visa-free travel policy, making business exchanges more convenient.
In addition, the measures include improving cross-border payment settlement. Banks will be encouraged to offer efficient services to compliant and creditworthy companies, ensuring smoother financial transactions for international trade in services.
Experts believe these initiatives will boost confidence among enterprises and foreign investors. By combining financial support, tax relief, and easier travel policies, the measures aim to strengthen China’s role in global services trade while driving sustainable economic growth.
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