Economy

Targeting the trillion dollar market, the State Council has issued a document to promote the expansion and quality improvement of the service industry

2026-04-22   

On April 21st, it was reported that the State Council recently issued the "Opinions on Promoting Capacity Expansion and Quality Improvement of the Service Industry" (hereinafter referred to as the "Opinions"), which put forward 20 measures around strengthening weak links in the production service industry throughout the entire chain, improving the development level of key areas in the life service industry, and enhancing the level of digitalization, standardization, integration, and internationalization of the service industry to promote capacity expansion and quality improvement of the service industry. According to the Opinion, by 2030, the high-quality development of the service industry will make significant progress, with a total scale reaching 100 trillion yuan, cultivating more "Chinese service" brands, and significantly enhancing global competitiveness and influence. Promoting the expansion and quality improvement of the service industry is related to the effective implementation of the strategy of expanding domestic demand and the overall high-quality development of the economy and society. ”Pang Chaoran, a researcher at the Research Institute of the Ministry of Commerce, said that the deployment of the "Opinions" series is based on the current situation and focuses on the long term, emphasizing the combination of forging strengths and filling weaknesses, aiming to continuously promote the service industry to expand its total volume, improve its quality, and strengthen its capabilities, and provide a direction for further improving the quality and efficiency of service industry development. From the data, it can be seen that the development momentum of China's service industry is strong. Among them, the productive service industry is leading the industrial upgrading. In the first quarter, the added value of information transmission, software and information technology services, leasing and business services increased by 10.6% and 12.2% year-on-year, respectively; The potential of the lifestyle service industry continues to be released, with a year-on-year increase of 5.5% in service retail sales in the first quarter, which is 3.3 percentage points higher than the growth rate of commodity retail sales; In terms of open cooperation, from January to February, the actual use of foreign investment in China's service industry accounted for 68.9% of the total actual use of foreign investment in the country. However, the development potential of China's service industry still needs to be further explored. For example, in 2025, the per capita service consumption expenditure in China will account for 46.1% of the per capita consumption expenditure of residents, which is close to half of the household consumption, but there is still significant room for growth compared to developed countries. To this end, the Opinion proposes to remove institutional and mechanism barriers that restrict the development of the service industry, promote the professionalization and high-end value chain extension of the productive service industry, promote the high-quality, diversified and convenient development of the life service industry, and provide strong support for accelerating the construction of a modern industrial system. Around the above goals, the 'Opinions' put forward 20 specific measures in four aspects. Among them, in terms of strengthening weak links in the production service industry throughout the entire chain, the "Opinions" propose to strengthen the supporting role of technology services, enhance the comprehensive competitiveness of modern logistics, accelerate the innovative development of software and information services, enhance the professional service capabilities of supply chain finance, actively develop energy-saving and environmental protection services, and strengthen and optimize business services. At present, China's productive service industry does not match the demand of the real economy, and the weaker links are mainly concentrated in the poor connection of scientific and technological services, as well as weak professional capabilities in research and development design; The shortcomings of digital services are prominent, and the depth of industrial software applications is insufficient; The efficiency of logistics financial services is not high; Insufficient supply of green and high-end business services. ”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 reporters. Zhang Xiaolan stated that in response to these issues, the "Opinions" focus on key areas such as technology, logistics, digital, finance, and commerce, breaking through bottlenecks one by one, and launching targeted practical measures such as breakthroughs in industrial software, improvement of multimodal transport systems, and construction of pilot platforms. The implementation of these measures can effectively fill the gaps in the productive service industry and promote its extension towards the high-end of the value chain. Pang Chaoran said that in terms of business services, the "Opinions" specifically proposed new goals such as building a world-class consulting brand. He stated that in recent years, the characteristic of business service related institutions going global to carry out global business has significantly increased. Building a world-class consulting brand not only conforms to the trend of international development of enterprises, but also reflects that business services are shifting from "following the manufacturing industry" to "shaping the manufacturing industry", and from general intermediary services to an important component of national industrial organizations. In terms of improving the development level of key areas in the life service industry, the "Opinions" propose to increase the high-quality supply of residents' services, improve the adaptation level of elderly care and childcare services, enhance the professional ability of health services, and innovate cultural tourism and sports service models. In addition, the reporter noticed that in order to ensure the effective implementation of various tasks, the "Opinions" clearly state the need to improve the support policy system, and introduce measures from deepening reform and innovation, enriching fiscal and financial policy tools, enhancing infrastructure support and guarantee capabilities, expanding high-quality service industry operators, strengthening talent development, and enhancing safety supervision. Li Jun, Director of the Institute of International Trade in Services at the Research Institute of the Ministry of Commerce, stated that the "Opinions" emphasize the need to deepen reform and innovation, requiring both "flexibility" and "good management", and to clean up unreasonable standards and restrictive measures in the service industry. He said that there are market barriers, entry barriers, and institutional obstacles in the current development of the service industry. The service radius of many service industries is limited, and there are a large number of regional standards and practices in different regions. Business entities encounter different obstacles in different places. Breaking down these institutional barriers and regional barriers is an important direction that needs to be addressed in the future. "Li Jun also paid attention to the proposal in the" Opinions "to" create famous, special and excellent new individual industrial and commercial households. He believes that many service industry sectors are not large in scale but have distinctive services. The "Opinions" not only emphasize the cultivation of backbone service industry enterprises, but also clearly propose the cultivation of "famous, special, excellent and new" individual industrial and commercial households, highlighting the development characteristics of the industry. The next related supporting actions are worth looking forward to. Zhang Xiaolan stated that the "Opinions" can be regarded as a guiding document for the high-quality development of China's service industry in the current and future period. It closely revolves around the core task of "capacity expansion and quality improvement", based on the overall economic transformation and upgrading, solves development pain points, rationalizes institutional mechanisms, and outlines a clear roadmap for the development of the service industry. I believe that with the gradual implementation of various measures, China's service industry will accelerate towards a scale of 100 trillion yuan, playing a more important role in expanding domestic demand, stabilizing employment, promoting opening up, and benefiting people's livelihoods. ”Li Jun said. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Economic Information Daily

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