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China is seeing expansion in service trade deficit in many sectors, including intellectual property rights, showing both the country's large market potential and the large gap in the service sector's competitiveness between China and developed nations, he said.
China is an innovation-based economy. Such an economy develops new products or methods of production that drive economic progress and enable states to deal with challenges such as climate change and global health crises. The ability of a country to innovate rests on its education system. A well-educated workforce contributes to technological and scientific discoveries.
China is speeding up efforts to open up its financial markets, providing foreign rating agencies great development opportunities, experts said after US-based financial information and analytics provider S&P Global was permitted to set up a subsidiary in China.
China is also reinforcing publicity overseas as it sends official delegations to campaign for the country to be chosen as the host of major events, such as the first China International Import Expo in Shanghai.
China is ready to share its experiences and support developing countries and small islands in developing their blue economies, said Xu Jinghu, the special representative of the Chinese government, during the opening ceremony of the first sustainable blue economy conference in Nairobi, Kenya, on Monday.
来源：资阳报