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China Boosts Imports for Green Growth
25 Feb
Summary
- Updated catalogue expands service imports for high-quality development.
- Focus on green services like pollution control and climate solutions.
- Promotes imports in R&D, design, consulting, and healthcare sectors.
On Wednesday, China's Ministry of Commerce and six other government departments introduced an updated catalogue aimed at expanding service imports. This strategic move is designed to drive high-quality development across various sectors. The government is set to encourage the import of services crucial for innovation, such as research and development, design, testing, and digital technology.
The updated policy document places a strong emphasis on services contributing to environmental sustainability. Priority will be given to imports in energy conservation, resource recycling, and climate solutions. This includes services for pollution control, ecological restoration, and carbon reduction, all supporting the nation's green transition.
Furthermore, the catalogue promotes the import of consulting and supply chain management services. It also highlights the benefits of importing green building and healthcare services, intending to improve public well-being and modernize governance structures.
