Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109472
Authors: 
Wei, Wang
Year of Publication: 
2013
Series/Report no.: 
ADB Economics Working Paper Series 357
Abstract: 
The development of the service sector in the People's Republic of China has not kept pace with the country's overall economic development. The share of employment in services is still lagging behind that of output and is also below the international norm. Moving from traditional services to modern business services has been the focus in recent decades, but the current structure is still dominated by low-end, traditional industries. In addition, due to the ongoing government strategy to make pilot reforms industry by industry, state-owned service providers still have a large market share, especially in some important service industries, and there are great disparities in development among non- state-owned service providers across various industries. Complicated institutional restrictions and a lack of effective institutional support and regulatory enforcement require in-depth reforms if the sector is to realize its potential. Strategic measures and policy options for promoting the sector in the next 10 years are suggested.
Subjects: 
services
People's Republic of China
growth
productivity
JEL: 
O14
O40
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

Files in This Item:
File
Size
1.15 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.