From 'made in China' to 'serviced by China': Why Chinese services are booming

单集文稿 ...

• 00:01

  Cutting through an overload of information to get to the heart of the story.

• 00:06

  This is The Point.

• 00:09

  From made in China to serviced by China, this year's China International Fair for Trade and Services,

• 00:17

  or SIFTIS, is being held in Beijing from September the 9th to the 13th.

• 00:23

  This year's fair has brought together nearly 2,000 exhibitors from 90 countries,

• 00:29

  regions and international organizations.

• 00:32

  Meanwhile, for the first seven months of this year, China's trading services is up 8%.

• 00:39

  Building on an already upward trajectory.

• 00:42

  What's new at the fair this year?

• 00:44

  Why are Chinese services so much in demand?

• 00:48

  Is the trend set to continue?

• 00:50

  Welcome to this edition of The Point with me, Lu Xin, an opinion show coming to you from Beijing.

• 00:56

  I'm pleased to be joined from Rome, Italy by Ivan Cardillo, chairman of the Italy-China Business Development Forum.

• 01:04

  From Portland, the U.S., by Professor Liang Yang, Kramer Chair Professor of Economics at William Met University.

• 01:11

  And from Beijing by He Ping, Associate Dean of the School of Economics and Management at Tsinghua University.

• 01:19

  The warmest welcome to all of you.

• 01:22

  So, first of all, for those who may not be very familiar with professional jargons,

• 01:28

  I want to go to Professor Liang, if I may.

• 01:30

  Help us understand exactly what it means, trade and services, compared to trade and goods.

• 01:35

  What are we talking about?

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