BEIJING (CHINA) – Chinese President Xi Jinping said on Friday he backs the city of Beijing in building a pilot international free trade zone for the service sector and digital economy. It would also help promote scientific and technological innovation.
He was addressing the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services via video. Details about how it would be set up were not given.
“China will unswervingly increase its openness and set up a robust cross-border services trade-negative list system,” he said.
The Ministry of Commerce said on Thursday that one would be set up for services by the end of this year.
Xi also said China favours the setting up of a global alliance of trade and services. It would further make access of market for the service sector.