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  • Beijing Review

    Promoting Trade In Services

    Aug 27, 2020 5 minutes
     By Cheng Dawei
    Copyedited by Madhusudan Chaubey

    The author is professor at the School of Economics of Renmin University of China

    Trade in services has existed since ancient times. Ancient Chinese philosopher Confucius (551-479 B.C.) started the tradition of giving private lectures in other kingdoms. Zhang Qian, an envoy of the Han Dynasty (202 B.C.-A.D. 220), was sent to the Western regions. Zheng He, a Ming Dynasty (1368-1644) admiral and explorer, led several voyages around the Indian Ocean. These stories help us understand the development of trade in services in ancient China.

    The world’s first coffee shop, opened in Constantinople, Turkey, in 1530, drew the attention of Venetian merchants. They brought back a large amount of coffee beans from Turkey, and gradually coffee became popular in Europe. For a long time, people focused on goods trade, while trade in services occupied a

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