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Academic Journal of Business & Management, 2023, 5(27); doi: 10.25236/AJBM.2023.052702.

High-Quality Development of Regional Trade in Services—The Case of Guangxi

Author(s)

Li Yan

Corresponding Author:
Li Yan
Affiliation(s)

School of Economics, Guangxi University, Naning, China

Abstract

The development of trade in services in China's border areas has special characteristics. Guangxi is located in the frontier region, and its service trade has numerous potential advantages, but the import and export are not satisfactory. Analysis with the diamond model reveals that Guangxi has abundant support of basic elements such as labour and capital, stable trade in goods and service industry support, and driven by residents' consumption and international service consumption demand, but there are still problems such as small scale of trade in services, low level of innovation, and limited support for modern service industry. Based on this, in order to promote the high-quality development of Guangxi’s trade in services, relevant suggestions are put forward in terms of improving the openness of trade in services, focusing on the development of service industries comparative advantages, promoting the intergrated development of multi-industry, and strengthening the cultivation of talents.

Keywords

Trade in Services, High-Quality Development, Diamond Model, Comparative Advantages

Cite This Paper

Li Yan. High-Quality Development of Regional Trade in Services—The Case of Guangxi. Academic Journal of Business & Management (2023) Vol. 5, Issue 27: 7-15. https://doi.org/10.25236/AJBM.2023.052702.

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