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.
