Multinationals gain momentum in China


BEIJING: China has been able to demonstrate leadership in service liberalisation both regionally and globally as cross-border trade in services has become the most dynamic part of global trade, said a World Bank official at the 2020 China International Fair for Trade in Services (CIFTIS).

The service industry will create more opportunities. “We hope to learn from China’s reform efforts. And we are ready to contribute in any way to the success of these reforms,” said Victoria Kwakwa, World Bank vice-president for the East Asia and Pacific.

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