IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwe/2018_027.html
   My bibliography  Save this paper

China's Service Trade Development and Policy Implications for Korea: Focused on Major Industrial and Regional Analysis

Author

Listed:
  • Lee, Sanghun

    (Korea Institute for International Economic Policy)

Abstract

The Chinese government is pushing for the opening of the countrys service sector and fostering the producer service industry through its 13th Five-Year Plan. Aiming to realize these goals, China emphasizes a highly open market and external cooperation, and focuses on the development of the service industry and the expansion of the service trade as it did in the past by opening policies. Chinas service trade volume was estimated to reach $657.1 billion in 2016 and exceed $1 trillion in 2020. Among Korean exports to the mass market, the share of service exports is growing from 9.7% (2011) to 14.5% (2016), and China has emerged as Koreas largest service market and largest service trade surplus country since 2013. The fact that China`s service trade and Koreas exports of services to China are both expanding rapidly points toward an opportunity to increase the role of Koreas services trade with China in the future. This study seeks to explore new export engines that can boost trade in the services sector. To this end, the study examines ways to boost services trade with China based on an analysis of industries and regions with good prospects.

Suggested Citation

  • Lee, Sanghun, 2018. "China's Service Trade Development and Policy Implications for Korea: Focused on Major Industrial and Regional Analysis," World Economy Brief 18-27, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2018_027
    as

    Download full text from publisher

    File URL: https://www.kiep.go.kr/gallery.es?mid=a10105040000&bid=0007&list_no=5050&act=view&act=view&list_no=5050&cg_code=
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Service Trade; China; Korea;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2018_027. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Geun Hye Son (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.