Service sector to open up

Source: Xinhua | 2017-06-16

CHINA aims to further open up its booming service sector to expand engagement in the global industrial chain and boost competitiveness.

The service sector is a priority in China’s opening-up progress, and the government will keep opening up the market while guarding against risks to national security, according to a blueprint for the sector’s development from 2017 to 2025 released by the National Development and Reform Commission.

The service sector’s added value accounted for 51.6 percent of China’s total GDP last year, below the average level of 57 percent among middle-income economies, said Meng Wei, NDRC spokesperson.