Over the first two months of 2024, China's services trade grew 22.8%, according to the Ministry of Commerce (MOFCOM), and its intellectual property (IP) exports grew over 80%.

Last week, China's Ministry of Commerce (MOFCOM) issued two negative lists for services trade, both of which will become effective on April 21.

China's Ministry of Commerce (MOFCOM) revealed that in 2023, China's total contract amount of offshore service outsourcing contracts reached US$215.4 billion, with the top destinations being the United States, Hong Kong, the European Union, and RCEP countries.

China and Singapore signed the protocol to upgrade the China-Singapore Free Trade Agreement (CSFTA), wrapping up a three-year negotiation after seven rounds of talks. It adopts a negative list approach, removes foreign equity caps for 22 services sectors in China, and prohibits local content and tech transfer requirements in the

Data from China's Ministry of Commerce (MOFCOM) shows that over the first ten months of 2023, services trade totaled 5.34 trillion yuan (about US$750 billion), with imports growing nearly a quarter, thanks to the recovery of travel services. Meanwhile, Beijing is trying to expand digital services

This statement came after China signed the first FTA that contains negative lists for services trade and investment.

On July 23, China released its first negative list for cross-border trade in services. The document entitled Special Administrative Measures for Cross-Border Services Trade at Hainan Free Trade Port (Negative List) (2021 Edition) ( 海南自由贸易港跨境服务贸易特别管理措施（负面清单） [http://www.mofcom.gov.cn/article/zwgk/zcfb/202107/20210703180049.shtml]) will only apply within