China's Xi urges demand‑driven growth in services sector - Reuters

<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxOcmlUSmN0b2ZBNGdicEdsc3R0OUlJQy1pWUlzTWJqRmNMMnJEVXFvTVZuYWpKZnlVbE5kdGRhV2lDcHk5M0psei1VUFlCWEtIYnBJVlUtdzVRMnJ1eHpLXzI2Z1doNEVOLXhDRVpLR25FT25iTFlMUHRuV1lQWmliZjduOXBSRFMxQVZ6NlJJTmw2X19OSmtZUDZtOS1fTXVLQlI4T1Z6ekxaQ3M?oc=5" target="_blank">China's Xi urges demand‑driven growth in services sector</a>&nbsp;&nbsp;<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.