The world has entered the era of service economy. According to incomplete statistics, the service industry accounts for nearly two-thirds of the global GDP, absorbs over 50% of foreign direct investment, and provides over 50% of employment opportunities worldwide. The open development of the service industry is the trend. Currently, the open development of the global service industry presents some new features and trends that are worth paying attention to. The position of the service industry in the global value chain is constantly growing. With the development of global economic servitization and the continuous improvement of global service industry openness, the contribution rate of service trade to global trade growth is increasing day by day. The World Trade Organization (WTO) predicts that by 2040, trade in services will account for over 30% of global trade, an increase of nearly 10 percentage points from 2022. Secondly, the level of openness in the global service industry continues to improve. Some emerging markets and developing countries have effectively improved the level of foreign investment access in the service industry by relaxing restrictions on foreign equity ratios, canceling capital and investment transfer conditions, and relaxing foreign investment review requirements. At the same time, we will continue to adjust and optimize the rules within the border, and focus on eliminating discriminatory measures against foreign-funded enterprises. In recent years, the service trade restriction index of non OECD countries has significantly decreased, and the gap with OECD countries has been continuously narrowing. For example, the decline in Vietnam's service trade restriction index is mainly due to its revision of investment related regulations, promotion of approval reforms, and the cancellation and simplification of more than 1000 operating conditions. Thirdly, the focus of reshaping international economic and trade rules is anchored towards the service industry. With the development of digital globalization and global trade servitization, the service industry has gradually gained popularity in bilateral and regional trade and investment negotiations, and high standard, wide coverage, and post border service trade rules have gradually increased in regional trade agreements. According to WTO statistics, in 2000, there were only 8 regional trade agreements involving the service industry globally, accounting for less than one tenth of the total regional trade agreements. After 2000, the number of service trade agreements involved in regional trade agreements has rapidly increased, and by 2024, the proportion of service industry agreements will exceed 57%. According to an OECD survey, the degree of openness in China's manufacturing industry is basically at the same level as that of developed economies, while the breadth of openness in the service industry still needs to be further expanded. China's import and export volume of service trade has ranked second in the world for 10 consecutive years, and is an important engine for the growth of global service trade. However, the proportion of service trade volume to total foreign trade is relatively low, averaging 12.8% from 2008 to 2023, lower than the global average of 21.9% during the same period; Knowledge intensive service industry trade accounts for less than half of the total import and export of services, and the cultivation of competitive advantages in emerging fields urgently needs to be strengthened; The degree of restrictions in some service industries is relatively high, especially in areas such as finance and insurance, audio-visual services, and telecommunications where there is still some room for improvement. In the new era and new journey, it is necessary to deeply grasp the trend of global service industry opening up, focus on promoting China's service industry opening up to a larger scope, wider fields, and deeper levels, and accelerate the globalization of "Chinese services". Firstly, further relax market access and steadily promote institutional opening up of the service industry. With the implementation of zero restrictions on foreign investment access in China's manufacturing sector, the service industry has become a key area for China to continue expanding its opening-up. We should continue to promote the relaxation of market access for the service industry, improve the management system of national treatment and negative list before foreign investment access, and continuously improve the negative list for cross-border service trade. Deepen the reform of the management system and mechanism in the service industry, increase the delegation of approval authority, and accelerate the establishment of simple, efficient, fair, transparent, and well managed service industry operating rules. Secondly, actively aligning with high standard economic and trade rules to promote trade and investment liberalization and facilitation. Proactively aligning with international high standard economic and trade rules such as the Comprehensive and Progressive Agreement for Trans Pacific Partnership, increasing reform efforts in areas such as competition neutrality, environmental protection, and intellectual property rights, focusing on key industries such as financial services, telecommunications services, and professional services, and innovatively launching institutional achievements that align with international high standard economic and trade rules. Shaping and leading new rules for international economic and trade cooperation in areas such as e-commerce, cross-border e-commerce, and mobile payments, and enhancing participation in the formulation of international economic and trade rules in emerging fields. Thirdly, we will focus on promoting the construction of open platforms and increase the pressure testing of service industry openness. Focusing on open highlands such as free trade pilot zones (ports) and comprehensive pilot demonstrations for expanding the opening up of the national service industry, we will build a multi-level open platform and grant more pilot permissions. Give full play to local initiative, promote differentiated exploration and practice, and formulate supporting policies and implementation rules that benchmark international high standard economic and trade rules. Fourthly, we will continue to improve the risk prevention and control system to ensure the stable and far-reaching opening up of the service industry. With the increasing level of openness in the service industry, it is urgent to pay attention to risk prevention and control. We must adhere to the overall national security concept, coordinate openness and security, strengthen risk awareness and bottom line thinking, handle the relationship between expanding openness and risk prevention, effectively improve risk assessment, early warning and prevention mechanisms, build a risk monitoring system in the field of service industry openness, and ensure that the service industry is flexible, manageable and develops well. Lin Meng, Director and Researcher of the Modern Supply Chain Research Institute at the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce