Mutual need of America and China in services trade
Summary
The US and China are deepening their interdependence in services trade as AI, digital platforms and cross-border business services expand. Companies on both sides are finding new opportunities in e-commerce, logistics, financial services and technology-enabled consulting.
Key Points
- The US services trade surplus has reached a record high, with China as its largest source.
- AI and digital technologies are reshaping services trade, especially in e-commerce, digital healthcare and business services.
- Chinese firms expanding overseas are increasing demand for US professional services such as market intelligence, compliance and risk management.
- China’s opening of its services market and growing digital ecosystem are creating more room for foreign companies to expand.
