Service sector down 0.3 pp as percentage of GDP

Macroeconomics

Saturday, August 30, 2008 05:59:06

	Service sector down 0.3 pp as percentage of GDP By STAFF EDITOR Published: January 29, 2008 12:00 PM The service sector grew 11.4% to US$1.33 trillion (RMMB9.6 trillion) last year but its contribution to the Chinese economy fell 0.3 percentage points to 38.9%, the China Securities Journal reported, citing figures from the National Development and Reform Commission. Its contribution in 2006 was 0.5 percentage points lower than in 2005. “The major reason [for the decline] was that our service industry ... You are currently reading 58 words of 177 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: manufacturing , China Securities Journal , airline , pollution , railway	More Articles in Macroeconomics > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Government prioritizes Yangtze River Delta Shanghai GDP slows amid lackluster securities and property markets SOE manager base salaries fixed through ’09 Rural China retail spending up 20% in 1H Pearl River Delta’s “spasm of pain” key to industrial overhaul Urban FAI up 24.3% in first two months SOEs assets total US$1.98 trillion

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