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Service Sector Investment Needs More Focus - Expert

CHINA PRESS

China’s growth model now depends more on service sector investment than real-estate, according to Liu Shijin, vice chairman of the Development Research Center of the State Council. Authorities should pay more attention to the service sector and orientate development towards consumption and include more support for digital technology, and green innovation investment, he said. Consumption will continue to recover this year and increasing household incomes will kick start strong demand for durable goods. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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