Boosting shipping and construction exports in China to drive economic growth
The study looked at how different types of services traded by businesses in China affect the country's economy. By analyzing data, the researchers found that certain service industries, like shipping and construction, have a bigger impact on economic growth when they are exported. They also suggested that opening up communication services and encouraging collaboration between advertising and consulting industries could be beneficial. Additionally, relaxing regulations and increasing trade in insurance, finance, and royalty licensing could help boost the economy. Overall, the study recommends focusing on exporting certain services and improving cooperation with foreign companies to enhance economic growth in China.