On your first question: Three factors contribute to the sustained rapid growth of our services trade this year. First, a series of opening-up measures have added new momentum. We have carried forward pilot programs for creative promotion of trade in services, introduced policies to underpin high-quality development of bases for featured services export, published the negative list for cross-border services trade in the Hainan Free Trade Port, advanced reform and innovation in the pilot free trade zones (FTZs), and successfully held comprehensive international exhibitions such as CIFTIS and the CIIE. These steps have effectively drove the export of competitive services while expanding the import of quality services. In the first three quarters this year, 7 of the 12 services trade categories grew by more than 10%, which compensated for the decline in tourism import and resulted in the first record of positive growth in total services import (in RMB terms) since the pandemic broke out. Second, steady recovery of the service sector has become a solid support. For the first three quarters this year, the added value of services increased by 9.5% year-on-year and the service sector accounted for 54.8% of China’s total GDP, leading to larger-scale, higher-quality trade in services. Third, digitization of services has opened up new horizons. From January to September, trade in knowledge-intensive services that are closely related to the digital economy showed strong momentum; its total trade volume climbed by 13.3% to RMB1.69 trillion, accounting for 44.7% of the total services trade, 0.7 percentage points higher than the same period last year.

On your second question: In his keynote speech at the opening ceremony of the fourth China International Import Expo, President Xi Jinping pointed out that China will release a negative list for cross-border trade in services in the pilot FTZs. Following the instructions of the CPC Central Committee and the State Council, MOFCOM is working with relevant authorities to formulate the negative list, in a bid to release it soon and make it a stress test for the opening-up of cross-border services trade in more pilot FTZs, so as to further liberalize our trade in services and advance high-level institutional opening-up. Thank you.