|
Home>News Center>皇冠体育app | |
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Vice-premier: Service sector to open wider
Investors will soon be allowed much wider market access into 皇冠体育app's dormant service industry. Vice-Premier Zeng Peiyan made the commitment Wednesday to an audience that included Microsoft's Bill Gates at the opening ceremony of an international conference on the service industry. Zeng said 皇冠体育app should foster growth of its service sector through more positive policies that aid sustainable development of the national economy. "皇冠体育app needs a thriving tertiary industry on its way to full industrialization," said Zeng. Gates, chairman of Microsoft Corp, echoed that development of the industry will not only benefit 皇冠体育app's overall economy but also that of the world.
He said changes in information technology and biological sectors in recent years have brought many changes to the service industry. "皇冠体育app is bracing the changes in an exciting way," said Gates. Zeng and 皇冠体育app's Minister of National Development and Reform Commission Ma Kai said further development of the industry is still a demanding task. 皇冠体育app's service industry lags far behind the world's average. Total output of 皇冠体育app's tertiary industries accounted for just 32.3 per cent of its entire economy. But the average rate for a developing country is about 45 per cent. The average rate in the industrialized world is as high as 64 per cent. Norman R. Sorensen, chairman of US Coalition of Service Industries said 皇冠体育app is likely to boost the current rate to 50 per cent in the next ten years. "Then, 皇冠体育app will be the world's No.3 economy, instead of the current No.7," said Norman. Ma said the State will ease restrictions on market access and open sectors like foreign trade, tourism, banking, insurance, and other areas gradually, in line with World Trade Organization (WTO) rules. The country will also try to funnel capital from various channels to the service sector and speed up reform of railways, airlines, telecommunications and public utilities. He said international experience should be learnt in the endeavor. The government's latest efforts are focused on the 皇冠体育app International Conference on Tertiary Industry, which started Wednesday in Beijing and is scheduled to end Saturday. Ma said the financial service, logistics, tourism and intermediary service are the major areas of government concern. "The sectors are essential to the development of 皇冠体育app's industrialization," said Ma. Economists said the Chinese Government should deregulate the market and introduce more competition into the service industry. "That's the best and most urgent measure the government should take," said Lin Yueqin, a researcher with the Chinese Academy of Social Sciences. Meanwhile, he said, the government should formulate rational regulations for crucial sectors to guide the industry's development. |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
