Drawing On Global Experiences To Harness Financial Support For The Growth Of China's Services Trade

This paper explores how to leverage financial support for China's services trade growth by analyzing global trends, China's challenges, and experiences from developed nations. Global services trade exports grew at an annual rate of 4.3% from 2013 to 2022. Though China's service sector accounts for 54.6% of its GDP, it faces a service trade deficit and structural reliance on traditional industries. Issues such as inadequate policy, financial coverage, and inefficient cross-border payments need to be addressed. A comparative analysis of the U.S., Germany, and Japan reveals four key pillars of success: integrated public-private coordination, risk-minimizing legal frameworks, diversified financing, and advanced financial ecosystems. The paper proposes a four-part policy matrix: enhanced government coordination for resource optimization; market-driven innovation with AI risk platforms; blockchain- and CBDC-powered cross-border payment modernization; and strategic RMB internationalization. These measures aim to boost high-value service exports and enhance global competitiveness.