With policy support, service trade is becoming a new engine for stabilizing foreign trade, and related enterprises are expected to rise.

With favorable policies in place, service trade has become a new engine for stabilizing foreign trade, and many related companies are expected to benefit. News on September 12th reported the latest developments in my country’s service trade. Data shows that in the first seven months of this year, my country’s total service imports and exports reached 4,578.16 billion yuan, a year-on-year increase of 8.2%, setting a new record for the same period. Firstly, in the transportation services sector, smart logistics is leading the growth. The report points out that on average, a China-Europe freight train departs every half hour, and new services such as “freight train + cross-border e-commerce” and “freight train + bonded warehousing” are constantly being added, improving the efficiency and upgrading of transportation service exports. China Railway Special Cargo, as a leading railway logistics enterprise, has a deep presence in the operation of China-Europe freight trains and will directly benefit from the growth of transportation service trade. Huamao Logistics possesses strong capabilities in international freight forwarding, and its cross-border logistics solutions align with the development needs of the new “train + cross-border e-commerce” model. The digital services sector also demonstrates strong vitality, with technology empowering export upgrades. Leveraging its innovative advantages in artificial intelligence and the digital economy, my country continues to expand its service exports in emerging fields. BeiDou system services and related products, HarmonyOS operating system, and computing power services have brought a brand-new digital service experience to global users. ZTE has a well-established layout in 5G and computing power infrastructure, providing underlying technical support for digital service trade. NavInfo, as a core application service provider for the BeiDou system, has exported its geolocation information services to multiple countries and regions. In the financial services sector, opening-up policies continue to exert their influence. In Beijing, a national comprehensive demonstration zone for expanding the opening-up of the service industry, approximately 200 domestic and foreign financial institutions have been established. In the first seven months of this year, the service sector accounted for approximately 72% of my country’s actual use of foreign capital. CITIC Securities, a leading domestic securities firm with a broad presence in international financial services, will benefit from the opening-up policies in the financial services industry. Hang Seng Electronics provides core system support to foreign financial institutions, demonstrating significant potential for technology service exports. In the cultural and tourism consumption sector, cross-border services have seen a clear recovery. Since the beginning of this year, my country’s service trade has been vibrant, with the number of foreign inbound and outbound travelers increasing by 30.2% year-on-year in the first half of the year. From “checking off big cities” to “unlocking small-town tours,” China’s travel service exports continue to heat up. China Duty Free Group, as a leading duty-free enterprise, will directly benefit from the recovery of inbound tourism and the growth of cross-border consumption. Songcheng Performance, through its cultural performance exports, has created a unique new model of service trade with Chinese characteristics. Service trade is not only a growth point for the economy but also an important indicator of China’s economic transformation and upgrading. With the continued release of policy dividends, leading companies in related fields are expected to achieve a double boost in valuation and performance. However, it should be noted that the above analysis is for reference only and does not constitute investment advice. Investment involves risks; please invest with caution.