China's Service Sector to Be Further Developed: Official

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 ◆ China's Service Sector to Be Further Developed: Official

Chinese government was urged to better develop local service sector by gradually opening fields such as foreign trade, tourism, banking and insurance,China Daily reports on June 7.

Participants at a service-sector workshop being held by the State Development Planning Commission (SDPC) on June 6 said that administrative restrictions concerning service sector should be eased in a bid to foster the growth of service sector and tackle unemployment problems.

According to SDPC's vice minister Wang Yang, an increasing number of employment opportunities have arisen in the service sector since the 1990s but those in the agricultural and industrial sectors have been decreasing.

Statistics show that service sector contributes 33.6 percent to China's economy in 2001, some 10 percent lower than the world average.

Participants also urged large Chinese cities to allocate more resources to develop service sector, encourage capital flow to service sector, and speed up reform in railway, airline, telecommunications and public utility industries.