Home / China

Services trade marked as next big thing after crisis

By Lan Lan | China Daily | Updated: 2009-12-02 07:50

China is aiming to cut its reliance on manufacturing and boost its services trade to facilitate domestic economic restructuring going into the post-crisis world market.

Trade in goods, which mainly generates from labor-intensive manufacturing industries and accounts for about 90 percent of the country's total trade, has caused an imbalance in trade structure and hurt the country's exports amid the economic slowdown, analysts said ahead of the Central Economic Work Conference.

Chen Mingqi, a director of the Shanghai Academy of Social Sciences, said even though officials predict China's exports of goods will rise 10 percent in 2010, he has his reservations.

Services trade marked as next big thing after crisis

Today's Top News

Editor's picks

Most Viewed

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