“China’s Service Trade Development and Policy Implications for Korea: Focused on Major Industrial and Regional Analysis”

“China’s Service Trade Development and Policy Implications for Korea: Focused on Major Industrial and Regional Analysis”

Sanghun Lee

KIEP Research Paper, World Economy Brief 18-27

The Chinese government is pushing for the opening of the country’s service sector and fostering the producer service industry through its 13th Five-Year Plan. Aiming to realize these goals, China emphasizes a highly open market and external cooperation, and focuses on the development of the service industry and the expansion of the service trade as it did in the past by opening policies.

This study seeks to explore new export engines that can boost trade in the services sector. To this end, the study examines ways to boost services trade with China based on an analysis of industries and regions with good prospects.