On the morning of November 10, the 3rd China-Singapore Trade in Services 
Innovation Forum was grandly opened at Suzhou Jinji Lake International 
Conference Center. This forum is hosted by Jiangsu Provincial People's 
Government and organized by Suzhou Municipal People's Government and the Suzhou 
Industrial Park Administrative Committee. It is the highest standard service 
trade forum during the CIIE. Hui Jianlin, Vice Governor of Jiangsu Province, 
Chua Teng Hoe, Consul General of Singapore in Shanghai, and Wang Zhihua, Deputy 
Director General of Department of Trade in Services and Commercial Services of 
Ministry of Commerce delivered speeches.

At the opening ceremony, Xu Xianchun, director of the China Economic and Social 
Data Research Center of Tsinghua University, released the research results of 
the "Full-aperture Statistical Methods of Local Trade in Services in 
China-reference to SIP". The problem of service trade statistics has always 
been a difficult point. To solve this problem, Suzhou Industrial Park has 
combined with a team of experts in related fields, drawing on international 
experience, and further optimizing and improving the regional service trade 
statistics method through field research and expert demonstration. Mr. Lin 
Yifu, Professor and Dean of Peking University's Institute of New Structural 
Economics and Mr. Guo Jiewei, Dean of Singapore Institute of Intellectual 
Property, delivered keynote speeches via video.

Zhu Min, Dean of Tsinghua University Institute of International Finance, Vice 
Chairman of China Center for International Economic Exchanges, Former Vice 
President of International Monetary Fund, Former Vice President of People's 
Bank of China, Zhang Yansheng, Chief Researcher of China International Economic 
Exchange Center, Senior Researcher of Academic Committee of National 
Development and Reform Commission, Chen Yong, Vice President of Public Affairs 
of Tencent, and Li Li, President of Huawei Industry and Strategic Development 
Department participated in the main forum and delivered a keynote speech.

As a platform for global service trade communication and exchanges, this forum 
takes "Service Trade Innovation" as the topic and content, focusing on service 
industry opening, financial innovation, digital trade and intellectual property 
rights, and deconstructing the development and cooperation of international 
service trade. Trends and new opportunities, showcasing the achievements 
related to the development of service trade in Jiangsu, Suzhou, especially 
Suzhou Industrial Park, and explore new paths for the innovative development of 
service trade.

As a pilot city to deepen the innovative development of service trade, Suzhou 
accounts for nearly 50% of the province's service trade volume. Since the 
establishment of the Suzhou area of the Jiangsu Pilot Free Trade Zone, the 
development of service trade has accelerated. In the first three quarters of 
this year, the import and export of service trade in the park, excluding 
personal tourism, increased by 13.1% year-on-year, and the decline in service 
trade exports has further narrowed. Digital services accounted for proportion 
continues to increase, and the enthusiasm for enterprise informationization, 
intelligence and independent innovation has been enhanced. 

Source: Suzhou Industrial Park Administrative Committee

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   Caption: The 3rd China-Singapore Trade in Services Innovation Forum