China in the global services market
Abstract
The major aim of the article is to reveal the modern trends in the changes of the role of services in Chinese economy. So as to attain the goal, the authors consider сharacteristics of the country’s tertiary sector and its involvement in both international trade in services and global value chains. The commercial services’ exports structure, revealed comparative advantage, trade restrictiveness index are analyzed in order to highlight common and peculiar features of the sphere of services in Russia and China. The comparison of the two countries’ key indices of trade in services indicates the existing trends of broadening collaboration between the economies. What is more, the authors review horizontal measures of Chinese trade policy and regulations in particular spheres and consider commitments within the free trade agreements in services and investment.
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