Open up services
Source: Agencies |
May 29, 2012, Tuesday
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Print Edition
Print Edition
CHINA should further open its fledgling service sector to foreign investment to help sustain its economic rise, World Trade Organization Director-General Pascal Lamy said yesterday.
"The WTO needs China to take the lead in pursuing greater services opening," Lamy said at a services trade fair in Beijing.
Lamy said China's milestone 2001 entry into the WTO and the ensuing stable global trade environment had contributed to the country's economic success over the past 10 years. Opening up the service industry could unlock new sources of growth at a time when the world's second-largest economy is slowing.
"The WTO needs China to take the lead in pursuing greater services opening," Lamy said at a services trade fair in Beijing.
Lamy said China's milestone 2001 entry into the WTO and the ensuing stable global trade environment had contributed to the country's economic success over the past 10 years. Opening up the service industry could unlock new sources of growth at a time when the world's second-largest economy is slowing.
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