Business / Economy

China to boost service trade

(Xinhua) Updated: 2015-01-15 09:32

BEIJING - China's State Council on Wednesday announced a string of measures to accelerate the development of trade in services.

China will open up business in finance, education, culture and medical treatment in an orderly manner, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang.

The statement said China will speed up service trade liberalization between the mainland and Hong Kong, Macao.

China will nurture enterprises in transportation, telecommunication, research and design, ecological protection and try to boost the export of cultural and art products.

Enterprises are encouraged to invest in the service sector in overseas markets by establishing new or acquiring local companies.

The country aims to build a new-type platform for service trade based on big data and internet of things.

The State Council meeting also adopted a draft regulation to lay down rules for the establishment, change and termination of museums.

Museums are asked to carefully conserve and manage their collections, prohibited from taking illegal objects and encouraged to open to the public for free.

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