China's Xi urges demand‑driven growth in services sector - Reuters
China's Xi urges demand‑driven growth in services sector Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Striving to break new ground in the high-quality development of China's service sector."
— Xi Jinping , Politician
"The synergy of sports, culture, tourism, commerce and exhibition is now unlocking imagination for Shanghai's consumption opportunities."
— Lu Shan , Executive
"As incomes rise, spending tends to drift away from physical goods toward healthcare, education, leisure and professional services."
— Xi Jinping , Politician
"While opening the market creates opportunities, it also intensifies competition with domestic firms and can foster new partnerships and drive innovation across the industry."
— Denis Depoux , Executive
"As digital technologies drive industrial upgrading and deepen integration with advanced manufacturing in China, they are expected to draw more foreign service providers."
— Nie Pingxiang , Academic
"The opening of China's services sector is lowering the cost of going global by enabling companies, particularly small and medium-sized enterprises, to expand overseas without heavy up-front investment."
— Chen Jianwei , Academic
Key People
A researcher at the University of International Business and Economics in Beijing.
Global managing director of German management consultancy Roland Berger.
Lu Shan is the vice-mayor of Shanghai, focused on enhancing urban consumption opportunities.
A researcher specializing in trade in services at the Chinese Academy of International Trade and Economic Cooperation in Beijing.
Xi Jinping is the General Secretary of the Communist Party of China and President of China.
Locations
Tags
All Coverage
<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxOcmlUSmN0b2ZBNGdicEdsc3R0OUlJQy1pWUlzTWJqRmNMMnJEVXFvTVZuYWpKZnlVbE5kdGRhV2lDcHk5M0psei1VUFlCWEtIYnBJVlUtdzVRMnJ1eHpLXzI2Z1doNEVOLXhDRVpLR25FT25iTFlMUHRuV1lQWmliZjduOXBSRFMxQVZ6NlJJTmw2X19OSmtZUDZtOS1fTXVLQlI4T1Z6ekxaQ3M?oc=5" target="_blank">China's Xi urges demand‑driven growth in services sector</a> <font color="#6f6f6f">Reuters</font>
President Xi Jinping calls for a demand-driven approach, reform, and technological empowerment to develop China's service industry, aiming to cultivate more 'China service' brands and enhance production-oriented services.
President Xi Jinping emphasizes the need to achieve new breakthroughs in the high-quality development of China's service sector, as conveyed at a national conference in Beijing.
China's value-added service output increased by 5.4% year-on-year to 80.89 trillion yuan in 2025, contributing 61.4% to the country's overall economic growth, as per the National Bureau of Statistics.
The editorial highlights the strategic role of the service sector in China's economy, noting that services now account for 57.7% of GDP and close to half of total employment, with shares even higher in large cities.
China's push to open up its services sector is unlocking new growth avenues for foreign investors, as the country pivots toward a more innovation-driven and consumption-led model.
Similar Stories
Related coverage based on topic and tags
China adds 10.52 million urban jobs in Jan-Sept, to roll out services jobs policy - Reuters
China adds 10.52 million urban jobs in Jan-Sept, to roll out services jobs policy Reuters
October 10, 2026 at 02:53 AMChina's funding of development institutions is up sharply, but its power still lags, study shows - Reuters
China's funding of development institutions is up sharply, but its power still lags, study shows Reuters
October 8, 2026 at 06:04 AMEuropean industry groups call for urgent EU action on China trade - Reuters
European industry groups call for urgent EU action on China trade Reuters
October 8, 2026 at 09:44 PMJapan manufacturers' mood hits near 5-year high, service-sector sentiment slumps - Reuters
Japan manufacturers' mood hits near 5-year high, service-sector sentiment slumps Reuters
October 6, 2026 at 11:07 PMChina's tax crackdown piles pressure on luxury brands as US spending falters - Reuters
China's tax crackdown piles pressure on luxury brands as US spending falters Reuters
October 9, 2026 at 05:03 AMChina defends yuan policy as Europe steps up pressure over trade surplus - Reuters
China defends yuan policy as Europe steps up pressure over trade surplus Reuters
October 8, 2026 at 05:21 PM