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Chinese vice premier underlines service industry development

(Xinhua)

12:27, June 02, 2012

Chinese Vice Premier Li Keqiang (3rd R, front), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, pays a visit to an exhibition of the first China Beijing International Fair for Trade in Services (CIFTIS), along with Liu Qi (4th R, front), a member of the Political Bureau of the CPC Central Committee and secretary of the Beijing Municipal Committee of the CPC, at the China National Convention Center in Beijing, capital of China, June 1, 2012. (Xinhua/Huang Jingwen)

BEIJING, June 1 (Xinhua) -- Chinese Vice Premier Li Keqiang on Friday urged acceleration in the development of China's service industry to aid a transformation of the country's development model.

Although the service industry registered fast expansion in past years, a low share in the economic output challenged the sector, Li said during the first Beijing International Fair for Trade in Services, which closed on Friday.

More efforts should be made to encourage trade in the sector to increase its share in the country's economic output, according to Li.

He noted its development should encourage innovation in technologies and management, coordinate the development of advanced manufacturing and strategic emerging industries and serve demand from the real economy.

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