Hello and welcome to World Today, I'm Dinghen in Beijing.
Coming up, Xi Jinping calls for demand-driven growth in China's services industry.
The United States and Iran agreed to provisional ceasefire with Tehran saying it will reopen the Strait of Hormuz.
Initial public offering on China's eight-share market surged by 56% in the first quarter from a year earlier.
And an Indian business delegation has visited China to discuss EV cooperation and more.
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First up.
Chinese President Xi Jinping has called for striving to break new ground in the high-quality development
of the country's services industry.
He also urged the efforts towards specialization and the higher end of the value chain.
The Chinese leader made the remarks in a message conveyed to a national conference regarding the services industry.
Xi Jinping also said more Chinese service brands should be created.
So for more, joining us now on the line is Professor Jiang Gong from the University
of International Business and Economics.
So thank you very much for joining us today, Professor Jiang Gong.
First of all, we know one thing that President Xi Jinping emphasized during this conference is a demand-driven approach
coupled with reform and technological empowerment to develop the services industry.
What is your understanding in this regard?
For example, what kind of reforms is needed in order to empower China's services industry?