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The attractiveness of the services sector

SOURCE:DOINGBUSINESSINCHINA.ORG   TIME:2016-03-31

 


The attractiveness of the services sector


In the first 11 months of 2015, the actual use of foreign investment services is $695.8 billion, increasing 18.8% compared with the same period the previous year, accounting for 61% of the total proportion of the country.

China is the first largest counties of people, the world's second largest economy, and the first largest  manufacturing country.
No matter in life service industry, or production service industry, China has a huge market demand. In this point, it’s the most important advantage of China to attract investment in the service industry. In recent years, China vigorously promote the transformation of economic structure,Industrial policy incentives to achieve significant results in the development of services. 

The latest data released by the National Development and Reform Commission, shows in the first three quarters of 2015, service industry added value increased by 8.4%, higher than 6.9% of the GDP growth rate; and service industry added value accounted for the proportion of GDP increases to 51.4%, up 2.3% points over the same period last year. From another point of view, service industry is facing a great opportunity for development.

Improving the supply of service products, the demand for improving the quality of service is rising, China provides broad areas for foreign capital to accelerate into the service industry.

“Decision of the Central Committee of the Communist Party of China on major issues concerning comprehensively deepening”reforms that unit internal and external laws and regulations, maintain foreign policy stability,transparent and predictable. The finance, education, culture and medical sectors will enjoy an orderly opening-up to market access, while nursery, pension, architecture design, accounting and auditing, trade and logistics, and e-commerce investment restrictions will be eased......
Enhanced services for foreign capital attraction.

Certainly, the FDI in Service Industry plays an important role to promote the service innovation in China, gave birth to new service formats, stimulate new service consumption, improve the service management level of etc.



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