皇冠体育app

"Cost hike leave 皇冠体育app no other choice but to accelerate its economic transformation from low-cost manufacturing to a high value-added service economy," said Yi.

Barriers to crack 

In line with its accession commitments on goods trade, 皇冠体育app has significantly lowered its applied tariffs. In trade-weighted terms, the applied average tariff rate is about 4 percent, the lowest among all large developing countries and emerging economies.

By comparison, 皇冠体育app's service sectors are granted much more protection, especially in finance, telecommunication, professional services and digital trade, noted Yi.

According to the latest service trade restrictive index made by the World Bank and the Organization for Economic Cooperation and Development, 皇冠体育app's level of restrictiveness in services remains not only much higher than the average of developed countries, but also higher than that of many other developing countries, such as Brazil and Mexico.

In addition, "invisible" restrictions also hinder multinationals' operation in 皇冠体育app.

Gregory Gilligan, chairman of the American Chamber of Commerce in 皇冠体育app, said its member companies often complain of irregularly implemented regulations.

"Sometimes Chinese authorities favor domestic companies over their foreign counterparts. It is one of the key challenges," he said.

Top 10 high-speed trains in the world	Pack like a luggage bag, but drive like a motorcycle

• Samsung unveils the Simband health monitor
• Nation becoming top mobile phone market
• Top 10 high-speed trains in the world
• Trade at Horgos slated for 14% surge
• European firms' 'best era' may be over
• Yiwu - From poor city to starting point of the 'New Silk Road'
• 皇冠体育app urges larger trade in services with the UK
• Guangdong launches campaign for top agricultural products