www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

Service industry leads China's GDP growth

By Li Xiang | China Daily | Updated: 2017-11-15 07:27

Service industry leads China's GDP growth

Ground staff load cargo at Nantong Airport, Jiangsu province. [Photo/for China Daily]

Consumption demand likely to help maintain labor market stability

Chinese companies in the service sector saw stronger profit growth in the first three quarters thanks to rising demand for services and steady price rises, data from the National Bureau of Statistics showed on Tuesday.

The companies saw their operating profit rise 31.4 percent year-on-year in the first three quarters, which was 8.6 percentage points higher than in the first eight months, according to the bureau.

The profit growth of the service sector was faster than that in the industrial sector, which saw 22.8 percent growth year-on-year.

Bureau spokeswoman Liu Aihua said the service sector was a "bright spot" for the Chinese economy when all other major economic indicators pointed to a slight contraction in October.

The rapid rise in demand for services has led to a steady price rise, which contributed to the "outstanding" performance of corporate profitability in the service sector, Liu said at a news conference in Beijing.

The service sector's proportion of China's GDP has been rising steadily, surpassing 50 percent in 2015, indicating an improved economic structure.

Qu Tianshi, an economist at ANZ Group, said the robust profit growth in the service sector reflected changing consumption trends in China.

"Consumption demand has been shifting gradually from goods to more services. This will also help maintain labor market stability during the period of economic transformation," Qu said.

An index tracking business activity in the service sector stood at 53.5 percent in October, according to the National Bureau of Statistics. A reading above 50 indicates expansion while a reading below that reflects contraction.

Sectors including hotels, retail, aviation logistics, delivery, telecommunications and information technology showed even faster expansion, with their business activity index exceeding 55 percent, data from the NBS showed.

Despite the slight contraction in economic activity in October with slower growth of industrial production and investment, economists said that the service sector will continue to be a major factor driving the country's economic growth as more policies are expected to be rolled out to support household consumption.

Li Xunlei, chief economist at Zhongtai Securities Co Ltd, said that, in order to unleash its consumption potential, China needs to further improve its social security network and social welfare including public education, elderly care and healthcare.

Reducing households' financial leverage in the property and financial sectors will also support consumption expenditure and the expansion of demand for services, Li added.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 国产片在线观看狂喷潮bt天堂 | 久草高清视频 | 在线观看偷拍视频一区 | 91精品国产高清91久久久久久 | 黄色一级a毛片 | 97在线视频免费观看费观看 | 亚欧美| 女人张开腿给人桶免费视频 | 足恋玩丝袜脚视频免费网站 | 久久91视频 | 草草久 | 日本农村寡妇一级毛片 | 黑人一级大毛片 | 亚洲精品一区二区三区网址 | 久久青草免费免费91线频观看 | 一级片a| 日本a级片免费观看 | 午夜在线观看视频免费 成人 | 免费高清一级欧美片在线观看 | 免费一级毛片免费播放 | 97在线观看成人免费视频 | 久草网址 | 黄色一级片a | 成人黄色免费网站 | 美美女高清毛片视频黄的一免费 | 国产jk福利视频在线观看 | 成人性色生活片免费网 | 经典香港a毛片免费观看 | 女同日韩互慰互摸在线观看 | 欧美一级级a在线观看 | 九九99九九视频在线观看 | 日本午夜人成免费视频 | 日本一级毛片免费 | 国产一区欧美 | 韩国特级毛片 | 成人亚洲欧美综合 | 亚洲wwww| 99久久免费精品国产免费 | 91国语对白| 国产成人精品免费视频大全可播放的 | 66精品 |