In the next 15 years, China will import over $10 trillion worth of services, said the ministry.

Wang said that in the future, China will prioritize the business environment in the service trade sector, launch more measures to boost the opening-up of the sector, accelerate the construction of hubs in digital service, culture, and traditional Chinese medicine, and promote the reform of streamlining administration and delegating power, improving regulation and upgrading services in the sector.

Meanwhile, the country will expand the multilateral cooperation in the service trade sector, and jointly discuss the rules in the sector with other countries, to create a fairer environment, he added.