Research on the Development Strategy of China's Service Trade under the Background of the COVID-19 Pandemic

Abstract

Service Trade is one of the key topics of current research. With the impact and changes brought about by the out break of COVID-19 pandemic on Chinas service trade, China is facing a series of challenges such as changing consumer demands, insufficient openness, cross-border cooperation, and sustainable development. Based on literature review and analysis, this paper sorts out the traditional field of Chinas service trade from its initial stage. It explores the transition from a marginal role to a prominent position in the period from 1978 to 2001. It further invetigates the increasing internationalization of Chinas service trade from 2001 to 2012. Since 2013, Chinas service trade has entered a new phase of development. Chinas trade in services has continued to go up, especially in emerging areas such as digitalization, the Internet, and cross-border e-commerce. To obtain comprehensive information and data, this research examines relevant literature and policy documents on Chinas service trade, focusing on strategic adjustments and development in response to the influence of the pandemic. The study indicates that in the context of the pandemic, Chinas service trade strategy is characterized by diversification and flexibility, which will help reinforce the competitiveness of Chinas service trade and boost the recovery and development of the global economy.