Recently, the official website of Guangzhou Municipal Government (www.gz.gov.cn) issued the Implementation Opinions of the People’s Government of Guangzhou on Accelerating the Development of Trade in Service. During the next five years, Guangzhou will earmark 20 million yuan each year to support the development of demonstration parks for trade in service, public service platforms, international certification, demonstration enterprises and key enterprises for cultivation, business expansion in key fields , special statistics, liberalization of service trade, industrial research, business training and promotion activities for service trade etc.

 

According to the plan, the city’s total import and export of service trade will hit $35 billion by 2018 and $40 billion by 2020, ranking high in China.

 

Source: Translated from Invest Guangzhou, Jan. 7, 2016