Anchoring the trillion dollar blue ocean, the path for China's service industry to expand capacity and improve quality is clear
2026-04-09
Deepening the implementation of the service industry capacity expansion and quality improvement action, promoting the professionalization and high-end value chain extension of productive service industry, promoting the high-quality, diversified, and convenient development of life service industry, cultivating more "China Service" brands, and striving to create a new situation for high-quality development of service industry - The National Service Industry Conference was held in Beijing on April 7-8, and a series of policy priorities conveyed at the conference clarified the direction and path for the "capacity expansion and quality improvement" of China's service industry. Industry experts have stated that since the beginning of this year, a series of top-level designs related to the development of the service industry have been intensively introduced, demonstrating China's efforts and determination to accelerate the filling of the service industry's shortcomings and open up new space for future growth. It is expected that the development of the service industry will usher in many substantial benefits, and relevant implementation plans and supporting special policies are expected to be introduced one after another, promoting the simultaneous improvement of the quantity and quality of the service industry, and steadily moving towards the target of a trillion yuan industrial scale. According to industry experts, a series of top-level designs related to the development of the service industry have been intensively introduced from this year's government work report to the State Council executive meeting, and then to the National Service Industry Conference. These designs are of great strategic significance and practical considerations at a critical stage when China's economy is shifting towards high-quality development and accelerating the construction of a modern industrial system. From R&D and design deeply embedded in the manufacturing industry, modern logistics, to elderly care and home services directly related to people's livelihoods, the service industry is flourishing and has become the largest industry in the national economy. Data shows that by 2025, the added value of China's service industry will exceed 80 trillion yuan for the first time, accounting for 57.7% of GDP; The contribution rate of the service industry to national economic growth is as high as 61.4%, absorbing about 50% of the country's employed population. The National Development and Reform Commission predicts that during the 15th Five Year Plan period, the scale of the service industry will exceed 100 trillion yuan. At present, China has entered a stage of development dominated by the service economy, and the service industry has become the core pillar driving economic growth, absorbing employment, and ensuring people's livelihoods. Promoting the expansion and improvement of the service industry is a crucial step in driving China's economy from scale expansion to quality and efficiency transformation. ”Zhang Xiaolan, a researcher at the Ministry of Information Technology and Industrial Development of the National Information Center of the National Development and Reform Commission, told Economic Reference Daily reporters. Promoting the expansion and improvement of the service industry is a strategic choice that conforms to the laws of economic development, and it is also a practical need to fill the gaps and weaknesses in economic development. Experts say that although the service industry is booming, there are also problems such as insufficient high-end supply, low level of specialization, and weak international competitiveness. Li Jun, Director of the Institute of International Trade in Services at the Research Institute of the Ministry of Commerce, told reporters that from the perspective of consumption, the scale of commodity consumption in China is quite considerable, but the shortcomings of service consumption on the supply side are obvious; From the perspective of trade, the export capacity of services needs to be improved, and there is a significant trade deficit in services; From the perspective of openness, the next step of openness will focus on the service industry. It can be said that the current shortcomings and weaknesses in economic development are mainly concentrated in the service industry, and the new space for China's economic growth in the future will also largely rely on the expansion and quality improvement of the service industry. From this year's government work report clearly expanding investment in key areas of the service industry, to the State Council executive meeting on March 27th requiring the expansion of market access and opening up in the service industry, and to the National Service Industry Conference making systematic arrangements for the expansion and quality improvement of the service industry, the top-level design and path for the development of the service industry have become increasingly clear. With the clear top-level design, various departments will form a unified action and coordinated promotion force, accelerate the filling of the shortcomings of the service industry, and open up new growth space for the Chinese economy. ”Li Jun said. Implementing precise policies based on hierarchical classification? The key words for policy direction are "reform," "innovation," and "opening up." The meeting proposed to follow the trends of population structure changes, consumption structure upgrading, and industrial structure transformation, focus on key areas of production and life, promote the development of the service industry in a hierarchical and classified manner, and continuously cultivate new growth points in the service industry. Liu Tao, Deputy Director and Researcher of the Market Economy Research Institute of the Development Research Center of the State Council, told reporters that a major highlight of this policy design is the further proposal of "layering" to promote the development of the service industry on the basis of adhering to the "classification" promotion. In the past, the service industry was mainly classified and implemented according to two major areas: productivity and livelihood. However, this time, it has been refined within the two categories based on development levels and demand structures, clarifying the development priorities and policy directions at different levels. Liu Tao gave an example, for example, in the field of productive services, the conference proposed to focus on the professionalization and high-end development of research and design, and accelerate the growth of technology services; Focus on enhancing the value of the production process and vigorously develop advanced manufacturing services; Focus on improving the level of supporting professional services around the realization of market value. In the field of lifestyle services, we focus on meeting the daily needs of residents and promoting more inclusive and high-quality basic needs services; Expand the supply of upgraded services around residents' pursuit of high-quality living; Centered around the diverse consumption needs of residents, provide refined and personalized services. Zhang Xiaolan also believes that the industrial orientation deployment of this conference is precise. On the one hand, we will promote the professionalization and high-end value chain extension of productive service industries, and enhance their service support capabilities for the manufacturing industry; On the other hand, promoting the high-quality, diversified, and convenient development of lifestyle services to better meet the needs of the people for a better life. Zhang Xiaolan believes that the focus of future policy support will mainly be on three areas: first, high-end productive service industries, such as research and development design, digital services, information technology, financial services, modern logistics and supply chain, professional consulting, green and low-carbon services, etc; The second is the essential life service industry for people's livelihood, such as elderly care, childcare, health and medical care, etc; The third is the integration of new business models, covering the integration of manufacturing and services, agriculture and services, online and offline integration, etc. It is worth noting that in terms of specific promotion ideas, keywords such as "reform," "innovation," and "opening up" have become important. Liu Tao believes that "reform" emphasizes the need to focus on breaking down unreasonable restrictions on market access, regulation, and other aspects of the development of the service industry; Innovation requires seizing and making good use of the opportunities presented by the new round of technological revolution, accelerating the cultivation of emerging service industries, and transforming and upgrading traditional service industries; Openness "clearly states the need to steadily expand institutional openness in the service industry, promote the" Chinese service "to go global, and provide opportunities for mutual benefit and win-win cooperation between China and other countries in the world. Policy benefits help accelerate the launch of a trillion dollar blue ocean. According to interviewed experts, with the accelerated implementation of a series of conference deployments, it is expected that the development of China's service industry will usher in many substantial policy benefits. Zhang Xiaolan stated that in terms of top-level design, it is expected to gradually introduce implementation plans and supporting special policies, providing a stable and predictable institutional environment; In terms of factor guarantee, targeted support from finance, taxation, finance, talent, and other sources will be more precise and effective; In terms of reform and opening up, reform measures will be released in a concentrated manner, market access will continue to be relaxed, institutional opening will be steadily promoted, and the level of "Chinese services" going global will be improved. With the support of policies, related industries are expected to open up new growth opportunities. Li Jun's analysis pointed out that the productive service industry will focus on serving the upgrading of Chinese manufacturing quality, with huge growth potential in supply chain management, logistics and transportation, research and development design, artificial intelligence applications, software information and other fields; The lifestyle service industry focuses on meeting the unmet needs of the middle and high-income groups, especially in areas such as home economics, elderly care, and childcare, which will experience rapid development. Institutions predict that the average annual growth rate of the software and information services industry alone is expected to reach around 12% in the next five years; The market size of artificial intelligence application services is expected to reach over 800 billion yuan. Looking ahead to the future, the interviewed experts stated that China's service industry will usher in a golden period of development with both scale and quality improvement, and the industry scale will steadily move towards the target of millions of billions.
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Economic Information Daily
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