Better service, better economy (3)

（People's Daily Online） 08:50, August 01, 2013

Zhang Kai takes promotional pictures for an online garment shop. With rapid growth in e-commerce, related services of e-business has been increased. More photographers seized this business opportunity to take pictures for online advertisement. (Photo/Xinhua)

In recent years, service sector in China has grown robustly and its increased value has exceeded industrial sector. More labor force is engaged in service sector than agriculture. But the service sector in China is still smaller than it should be. In 2012, the service sector contributed 44.6 percent of GDP. In contrast, the service sector in developed countries has a large GDP shares which is above 70 percent. Unlocking service sector in China therefore has enormous potentials.

To accelerate the development of China's service sector will benefit the strategic restructuring of China's economy, deepen the reform, and facilitate trade, and increase overall economic efficiency.

Edited and translated by Wang Xin, People's Daily Online.

Hot News	We Recommend
* Huawei tells U.S. to shut up over security accusation	* How did foreign firms deepen China’s milk headache?
* Top 10 profitable companies in China	* GSK execs allegedly received sexual services
* Where is the end of the slump of gold price?	* Migrant workers' high incomes not that rosy
* New PV stimulus package to offset EU barriers	* China's foreign trade eyes positive growth
* Imports of French wine go sour in China	* China's economic rebalance could offer long-term gains