Chinese President Xi Jinping has announced plans to set up a new stock exchange in Beijing and more digital trade pilot zones under plans to expand the country’s role as a global services hub. In a short speech at the opening of the China International Fair for Trade in Services on Thursday, Xi said establishing free-trade zones in China could help the global economic recovery. “Service trade is an important area for international economic and trade cooperation. It plays an important role in [China’s] new development strategy,” Xi said via a video link. “We’d like to work with all sides,…