Research on the Development Prospect of "China-Asean" Service Trade- Analysis based on the manufacturing level of service industry

Abstract

For many years, China's foreign trade in service industry has shown a large trade deficit, limited international development level, and insufficient competitiveness in the international market. Relevant studies show that the lack of development potential of the service industry foreign trade may be caused by the low level of industrial integration in China, the lack of high-tech participation rate and the low comparative advantages. At the same time, many ASEAN countries are also caught in a similar service industry development dilemma. Therefore, China and ASEAN countries should actively deepen cooperation in the areas of complementarity and inadequacy to promote win-win development, and jointly optimize the level of technology and the quality of the service industry, we will comprehensively improve the international competitiveness of the “China-ASEAN” service foreign trade.