Study on the Growth Potential of Beijing's Service Trade Export

Abstract

In 2020, the comprehensive pilot project of expanding the opening-up of Beijing's service industry has entered a new stage of comprehensive upgrading. It is of great practical significance to study the growth potential source of Beijing's service trade export. Based on the data of 2012-2018 Beijing service export volume and the national service export volume of 2012-2018, this paper uses the Dynamic shift - share model to analyze the dynamic evolution of the export structure and competitiveness of Beijing service trade. The study shows that the overall growth rate of Beijing's service export lags behind the national standard level. All the traditional service export departments have competitive disadvantages and their competitiveness is declining year by year. Among the modern service export departments, financial and insurance service exports have gradually shown competitive advantages since Beijing became the comprehensive pilot to expand the opening up of the service industry in 2015, but other modern service export departments still face the problem of insufficient competitiveness. According to the study, Beijing should promote the digital transformation and upgrading of the traditional service export sector, steadily promote the development of financial service trade, and enhance its professional export capacity.