Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Search
Service industry leads economy
2016/10/26 16:04:05 Source:english.gov.cn

The latest economic data, released on Oct 19, shows that China’s economy has maintained stable growth with improving quality, and added value of the service industry accounted for 52.8 percent of GDP.

As China moves toward becoming a nation with modern agriculture and IT-based industry, the service industry is becoming a major employer, contributing more than 60 percent to increased tax revenue in the past three quarters.

Premier Li Keqiang said in May 2013 that the service industry was still lagging behind, and would be one of the main directions of China’s industrial restructuring in the years to come.

In 2015, the service industry took half the share of GDP for the first time, and maintained rapid growth in 2016, becoming the main powerhouse of China’s economic growth.

As Premier Li said, protection will not help the service industry. Opening up to competition is the right way to push the industry to a higher level.

Currently, with pilot programs being conducted in the Shanghai Free Trade Zone, the service industry will be opened up to both private and foreign capital across the nation.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn