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Premier: China's service industry must expand

Updated: 2012-09-27 07:59
By Zheng Yangpeng in Hangzhou ( China Daily)

Chinese premier Wen Jiabao on Wednesday urged further openning up of China's service industry and encouraged private and foreign investment in this sector.

The premier said China would continue to promote the industry extensively, and invest in skills training, especially in key sectors which would be vital in attracting overseas direct investment into China.

He added that China would also continue promoting the export of those service skills in key sectors overseas. China will expand areas in service industry that are open to FDI, he said in an anouncement.

During China's 11th Five-Year Plan (2006-10), the country's financial services, retail, hotel, transport, tourism, logistic, culture, animation, e-commerce and other emerging services industries and new format industries grew rapidly.

Premier: China's service industry must expand