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Opening-Up as the Turning Point Is Shifting from Goods Trade to Service Trade

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Winning at the Turning Point

Part of the book series: The Great Transformation of China ((TGTC))

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Abstract

In the 13th FYP period, China’s further opening-up and the new round of global free trade have formed a historical intersection, which provides an important opportunity for China’s “second opening-up” focusing on service trade.

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Notes

  1. 1.

    Zhao Jin: Global Service Trade Reaches Nearly US$10 Trillion While Service Trade Business Opportunities Surge. People’s Daily, December 20, 2015.

  2. 2.

    WTO: 2015 International Trade Statistics, 2015.

  3. 3.

    Zhao Jin: Global Service Trade Reaches Nearly US$10 Trillion. People’s Daily, December 20, 2015.

  4. 4.

    Some Figures on the Regional Trade Agreement Notified to the GATT/WTO and in Force. WTO website, January 18, 2016.

  5. 5.

    Free Trade Agreements: US International Trade Administration Web, December 15, 2015.

  6. 6.

    Free Trade Agreements: European Commission Web, December 15, 2015.

  7. 7.

    Qiu Hong: Service Industry Makes Up 70% of the Total World Economy. www.people.com.cn, April 26, 2012.

  8. 8.

    WTO: 2015 World Trade Report, 2015.

  9. 9.

    Statistical Bulletin on National Economy and Social Development 2015. www.statis.gov.cn, February 29, 2016.

  10. 10.

    Analysis of the Overall Situation of China’s Service Trade Development in 2014. China Business Information, May 7, 2015.

  11. 11.

    The State Administration of Foreign Exchange: China’s Service Trade Has a Deficit of 1.2 Trillion Yuan in 2014. January 27, 2015. Note: 26 times represent a change in nominal value; the influence of exchange rate is not calculated.

  12. 12.

    Ministry of Commerce: The Situation of China’s Service Trade. www.mofcom.gov.cn, November 5, 2015.

  13. 13.

    Trade Data 2015. US Department of Commerce Economic Analysis Bureau Network, January 12, 2012.

  14. 14.

    WTO International Trade Statistics 2013. www.wto.org, January 12, 2016.

  15. 15.

    Data is based on the National Statistical Yearbook 2014 prepared by the National Bureau of Statistics.

  16. 16.

    The Double Growth Rate of China’s Service Import and Export in 2015 Exceeded 10% for 12 Months Running. www.chinanews.com, February 3, 2016.

  17. 17.

    Yang Changyong: A Study of China’s Strategic Thinking on Expanding the Opening-Up of Service Industry. Intertrade, Issue 4, 2015.

  18. 18.

    Chi Fulin: The 13th FYP: New Trends, New Structure, and New Driving Force for Economic Transformation. www.chinareform.org.cn, November 14, 2015.

  19. 19.

    Zhang Fei: Liberalizing Service Industry to Release Market Dividends. Shanghai Securities News, April 14, 2015.

  20. 20.

    Chi Fulin: Transition and Reform: The Megatrend of China’s Shift to a Big Service-Oriented Nation in the 13th Five-Year Plan Period. Journal of Shanghai University (Social Science Edition), Vol. 32, No. 1, 2015.

  21. 21.

    Shanghai Statistical Bulletin on National Economic and Social Development 2015. www.statis-sh.gov.cn, February 29, 2016.

  22. 22.

    The State Council Announces the Opening List of 18 Industries in the 6 Major Areas of the Shanghai Free Trade Zone. www.china.com.cn, September 27, 2013.

  23. 23.

    A List Shared by Four PFTZs in China. www.yicai.com, March 23, 2015.

  24. 24.

    The Liberalization of Service Trade Is Basically Achieved in Two Places. Yangcheng Evening News, November 28, 2015.

  25. 25.

    Calculation is based on the data prepared by the research group of China (Hainan) Institute for Reform and Development according to China Statistical Yearbook 2014 of National Bureau of Statistics.

  26. 26.

    Chi Fulin: The 13th FYP: Promoting Transformation and Upgrading Through Structural Reform. Economic Information Daily, December 16, 2015.

  27. 27.

    Zhao Jinping: Essential Features and Innovative Points of Free Trade Zones. www.people.com.cn, June 19, 2015.

  28. 28.

    Jiang Yu: Chinese Enterprises Are Building 69 Overseas Cooperative Economic and Trade Zones in 33 Countries. www.chinanews.com, October 14, 2015.

  29. 29.

    Cui Ying: Financial Crisis in the Context of Our Country in the Area of Government Procurement Management Countermeasures Commercial Bribery (sic). Journal of Beijing Institute of Technology (Social Sciences Edition), No. 6, 2009.

  30. 30.

    The Scale of Government Procurement Reaches 1.7305 Trillion Yuan Last Year. www.gmw.cn, July 31, 2015.

  31. 31.

    Chen Deming: GPA Negotiation: Be Vigilant Against Unequal Opening. www.prcfe.com, June 21, 2015.

  32. 32.

    FTAAP Will Be Possibly Formed from the Expansion of RCEP. 21st Century Business Herald, November 7, 2014.

  33. 33.

    China and India Rank First in the Group of 11E That Contributes More Than 50% to Global Economic Growth Last Year. www.cnstock.com, March 22, 2016.

  34. 34.

    The figure is calculated according to BRICS Joint Statistical Handbook 2015 prepared by China’s National Bureau of Statistics.

  35. 35.

    The figure is calculated according to WTO’s World Trade Report 2014.

  36. 36.

    The Globe is in the Third Economic “Super Cycle” and Emerging Market Growth is Key. Southern Daily, November 11, 2013.

  37. 37.

    Chi Fulin: Brussels Calls for Progress in China-EU FTA. www.chinanews.com, July 1, 2015.

  38. 38.

    The data on China’s international service trade in 2014 was released by the State Administration of Foreign Exchange.

  39. 39.

    Launching Seminar on China-EU Reform Forum. Guangming Daily, March 16, 2015.

  40. 40.

    Eurostat: The EU External Service Trade Surplus Rose to 173 Billion Euros, June 26, 2014.

  41. 41.

    Economic and Commercial Counselor’s Office of the Mission of the PRC to the EU. China Is the Third Largest Service Trading Partner of the EU, June 16, 2015.

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Authors and Affiliations

  1. China Institute for Reform and Development, Haikou, Hainan, China

    Fulin Chi

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  1. Fulin Chi
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Correspondence to Fulin Chi .

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Chi, F. (2019). Opening-Up as the Turning Point Is Shifting from Goods Trade to Service Trade. In: Winning at the Turning Point. The Great Transformation of China. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-32-9479-0_5

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  • DOI: https://doi.org/10.1007/978-981-32-9479-0_5

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  • Publisher Name: Palgrave Macmillan, Singapore

  • Print ISBN: 978-981-32-9478-3

  • Online ISBN: 978-981-32-9479-0

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