久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Service sector drives up growth

By Chen Jia in Beijing and Yu Ran in Shanghai | China Daily | Updated: 2013-08-06 07:09

The service sector is tipped to replace the manufacturing industry and become the strongest driver of the Chinese economy.

Economists said China seems to be moving toward a more environmentally sustainable and less resource-intensive growth pattern, as the faster improvement of the service sector is in stark contrast with a sluggish manufacturing industry.

The British financial group HSBC reported on Monday that July's service purchasing managers index was 51.3, signaling a modest increase in business activity in the service sector.

New order growth in the sector rose to a five-month high as market demand increased. Employment in the sector also improved slightly, HSBC said.

The HSBC index reinforces the findings of the official non-manufacturing PMI data, released on Saturday - a reading of 54.1 in July, up from 53.9 in June.

"The current indicators suggest that non-manufacturing growth is stable and sound, providing a solid foundation to the overall economy," said Cai Jin, vice-chairman of China Federation of Logistics and Purchasing, which compiles the official non-manufacturing PMI data.

"It is a good start to the second half. We are confident of stabilizing growth and achieving the year's target, although there will be more challenges," he said.

Qu Hongbin, chief economist in China and co-head of Asian economic research at HSBC, showed more concerns about sustainable service growth in the near future.

"Although the service sector has maintained stable growth so far, the profit margin continues to be squeezed, given the divergence between input prices and prices charged."

"Without a sustained improvement of demand, service growth is likely to remain lackluster, putting downside pressures on employment growth," Qu said.

In contrast to the service sector, the HSBC manufacturing PMI stood at 47.7 in July, down from 48.2 in June, reaching an 11-month low and indicating an increasing rate of contraction of industrial businesses that face excessive production capacity.

The official manufacturing PMI data increased to 50.3 in July from 50.1 in June.

Chang Jian, a senior economist with Barclays Capital, said that despite the disappointing industrial performance, the service sector is becoming China's new growth engine and it has been "the bright spot" in the first half.

According to the National Bureau of Statistics, the service industry - the biggest employer in China - grew 8.3 percent from a year earlier in the first half, which was faster than the GDP growth rate. However, the manufacturing sector's growth was 7.6 percent.

Overall GDP growth slowed to 7.5 percent in the second quarter from 7.7 percent in the first, due to a slowdown in exports, factory production and investment.

Fixed-asset investment in the service sector increased 23.5 percent year-on-year for the first six months, faster than the 15.6 percent growth in the manufacturing sector, the NBS showed.

In the first six months, the service sector accounted for 45.3 percent of the GDP, while the manufacturing industry contributed 47.2 percent.

The government has set a target to lift the share of services in nominal GDP to 47 percent in the 12th Five-Year Plan (2011-15) from 43 percent in 2010.

Millions of businesses will see new opportunities during the period.

For instance, SAL Tours, a Shanghai travel agency, is benefiting from the fast expansion of the tourism market. All of the company's tours during the summer holiday were fully booked before the end of July, with an increase of more than 10 percent on cruises.

Ding Zhenyi, a sales manager at the travel agency, said that the demand for relaxing tours such as cruises, in-depth trips to specific destinations and booking services for individual tourists increased as Chinese people who get richer want to take it easy.

On July 30, top policymakers vowed to promote the development of emerging services and consumer services and accelerate the industrial structural transformation.

The central government announced a cut in production capacity in 19 industries in July, including steel, cement, copper and glass.

That suggests policymakers are prepared to restructure the economy and tolerate the necessary pain, analysts said.

"We believe service sector development is the supply side of the Chinese rebalancing equation," said Chang with Barclays Capital.

The development of the service sector is expected to strengthen domestic demand, particularly private consumption, and it can create more employment opportunities, particularly at the skilled and higher-income level, she said.

Contact the writers at chenjia1@chinadaily.com.cn and yuran@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    成人av在线观| 91精品久久久久久久99蜜桃| 一区二区三区在线视频观看| 91国内精品野花午夜精品 | 中文字幕在线不卡视频| 在线欧美小视频| 免费高清在线一区| 国产亚洲一区二区三区四区| 99视频精品在线| 午夜伦欧美伦电影理论片| www欧美成人18+| 9i在线看片成人免费| 午夜视频在线观看一区二区三区| 欧美一区二区三区在线看| 国产一区999| 亚洲精品成人a在线观看| 91精品在线免费观看| 国产91精品免费| 亚洲专区一二三| 精品久久久久久久人人人人传媒| av亚洲精华国产精华精| 午夜精品久久久| 国产午夜一区二区三区| 欧美性受xxxx黑人xyx性爽| 久久99国产精品尤物| 中文字幕一区日韩精品欧美| 欧美人体做爰大胆视频| 国产成人精品免费在线| 亚洲一区视频在线| 久久久久久久精| 在线精品观看国产| 韩国一区二区三区| 亚洲另类春色国产| 精品国产三级电影在线观看| 色天使色偷偷av一区二区| 久久精品国产精品亚洲红杏| 亚洲日本va午夜在线影院| 欧美一级黄色大片| av成人动漫在线观看| 老司机午夜精品| 亚洲乱码国产乱码精品精98午夜| 日韩免费高清av| 色哟哟欧美精品| 国产一区二区在线观看视频| 亚洲狠狠爱一区二区三区| 国产亚洲污的网站| 欧美伦理电影网| 99久久99久久精品国产片果冻| 久久国产麻豆精品| 亚洲综合男人的天堂| 欧美经典一区二区三区| 欧美一区二区三区在线视频| 色综合欧美在线视频区| 国产成人免费在线| 日本vs亚洲vs韩国一区三区二区| 国产精品久久毛片av大全日韩| 欧美刺激午夜性久久久久久久| 日本高清免费不卡视频| 国产电影一区在线| 久久国产生活片100| 午夜精品在线视频一区| 亚洲伦在线观看| 亚洲国产精品黑人久久久| 精品免费国产一区二区三区四区| 欧美日韩的一区二区| 色综合色综合色综合色综合色综合 | 青青国产91久久久久久| 伊人性伊人情综合网| 亚洲国产精品ⅴa在线观看| 精品日本一线二线三线不卡| 7777精品伊人久久久大香线蕉的 | 国产一区视频网站| 蜜臀久久久久久久| 午夜精品成人在线| 亚洲一区二区综合| 亚洲女性喷水在线观看一区| 国产精品丝袜91| 久久久久久一级片| 精品国产乱子伦一区| 欧美一卡二卡在线| 91麻豆精品国产91久久久使用方法| 在线视频欧美精品| 91久久奴性调教| 97精品久久久午夜一区二区三区| 风间由美性色一区二区三区| 国产在线不卡视频| 精一区二区三区| 麻豆精品视频在线| 美女国产一区二区三区| 免费成人小视频| 蜜桃视频在线观看一区| 蜜桃视频免费观看一区| 免费av网站大全久久| 日本伊人色综合网| 日韩av一区二区三区四区| 日韩中文欧美在线| 日韩成人精品视频| 日韩国产欧美三级| 日产精品久久久久久久性色 | 日本一区中文字幕 | 久久国产剧场电影| 激情成人综合网| 国产精品综合在线视频| 国产麻豆日韩欧美久久| 国产成人精品一区二| 成人99免费视频| 91麻豆国产在线观看| 在线观看亚洲成人| 欧美三级中文字幕| 欧美精品丝袜久久久中文字幕| 91精品国产综合久久香蕉的特点| 91精品免费在线| 精品国产伦一区二区三区观看体验| 久久久亚洲精品一区二区三区 | 成人一区二区三区视频| 成人免费福利片| 91无套直看片红桃| 欧美亚洲一区二区在线| 欧美福利一区二区| 日韩精品一区二区三区swag| 精品国产免费久久| 中文字幕不卡三区| 一区二区三区高清| 三级一区在线视频先锋| 久久9热精品视频| 国产不卡免费视频| 91蜜桃在线观看| 欧美日韩另类一区| 欧美白人最猛性xxxxx69交| 国产三级一区二区三区| 一色桃子久久精品亚洲| 亚洲国产欧美日韩另类综合| 免费欧美高清视频| 国产成人亚洲精品青草天美| 91蝌蚪porny| 91麻豆精品国产91| 国产色综合久久| 一区二区成人在线| 精品一区二区三区欧美| 成人国产视频在线观看| 欧美日韩在线不卡| 精品国产伦一区二区三区免费 | 色老汉一区二区三区| 欧美人妇做爰xxxⅹ性高电影| 精品久久国产字幕高潮| 国产精品久久一级| 亚洲成国产人片在线观看| 国产一区二区成人久久免费影院| 91同城在线观看| 91麻豆精品国产自产在线| 国产农村妇女毛片精品久久麻豆 | 亚洲午夜羞羞片| 捆绑调教美女网站视频一区| eeuss鲁片一区二区三区在线观看 eeuss鲁片一区二区三区在线看 | 91精品国产福利在线观看| 国产欧美日韩综合精品一区二区| 一区二区三区四区乱视频| 精彩视频一区二区三区| 色欧美日韩亚洲| 欧美本精品男人aⅴ天堂| 亚洲日本乱码在线观看| 久久9热精品视频| 日本韩国一区二区三区视频| 精品国产sm最大网站| 亚洲男人天堂av网| 国模无码大尺度一区二区三区| 色999日韩国产欧美一区二区| 精品少妇一区二区三区日产乱码 | 国产91丝袜在线观看| 在线成人午夜影院| 国产精品无码永久免费888| 婷婷激情综合网| a在线欧美一区| 精品欧美乱码久久久久久| 亚洲自拍偷拍图区| 成人听书哪个软件好| 日韩亚洲欧美成人一区| 亚洲摸摸操操av| 国产成人av一区二区三区在线 | 亚洲成人你懂的| 波多野结衣中文字幕一区| 欧美刺激午夜性久久久久久久| 亚洲精品免费播放| 国产精品 欧美精品| 欧美一级日韩不卡播放免费| 亚洲精品免费播放| 粗大黑人巨茎大战欧美成人| 欧美大肚乱孕交hd孕妇| 亚洲成人免费av| 91免费精品国自产拍在线不卡| 国产亚洲欧美色| 日韩福利电影在线| 欧美亚洲综合另类| 日韩一区日韩二区| 成人一区二区视频| 久久精品免费在线观看| 久久精品国产亚洲高清剧情介绍| 欧美三级电影网| 亚洲激情校园春色| 成人av在线一区二区|