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: 一道本久久 | 国产午夜毛片一区二区三区 | 免费播放国产性色生活片 | 99精品视频一区在线观看miya | 97高清国语自产拍中国大陆 | 欧美日韩国产成人精品 | 在线免费观看国产 | 国产成人精视频在线观看免费 | 精品免费久久久久久久 | 欧美成人亚洲高清在线观看 | 中文字幕 亚洲 一区二区三区 | 长腿校花被啪到腿软视频 | 国产成人免费手机在线观看视频 | 男人操美女 | 久久久久亚洲精品中文字幕 | 波多野结衣在线视频免费观看 | 亚洲美女性生活视频 | 8000av在线| 日韩欧美一级毛片在线 | 免费看91毛片 | 成年人免费网站在线观看 | 欧美三级超在线视频 | 国产网站免费 | 久久久久久久久久久大尺度免费视频 | 亚洲午夜网 | 国产成人精品免费视频 | 国产成人综合亚洲亚洲欧美 | 一级做a爱片特黄在线观看 一级做a爱片特黄在线观看免费看 | 亚洲欧美视频一区 | 一级片在线观看视频 | 美女把张开腿男生猛戳免费视频 | 在线精品日韩一区二区三区 | 久久久久久久99视频 | 宅男毛片 | 亚洲精品国产精品国自产网站 | 国产一区二区三区在线观看免费 | 九九色视频在线观看 | 国产一级视频久久 | 日韩不卡在线观看 | 亚洲国产一区在线精选 | 韩国一级免费视频 |