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China to Boost Production-oriented Service Industries
Published on: 2014-05-15
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altChina will accelerate the development of production-oriented service industries in a bid to step up industrial restructuring and prop up economic growth.
 
Priorities will be given to the development of research and design, commercial services, marketing and after-sales services, and will be driven by the market and innovation, according to an executive meeting of the State Council chaired by Chinese Premier Li Keqiang on Wednesday.
 
The move is expected to stimulate domestic demand, boost social employment and improve people's livelihoods, as well as stabilize economic growth, the meeting said.
 
It will also lead to the sector to move up the value chain, and prompt integrative development of the country's tertiary, agriculture and industry sectors. 
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