Service trade key to driving growth

Sector to play a bigger role in nation's economic development, says expert

Service trade will play a bigger role in China's economic growth this year as the government optimizes the structure of the industry and will deploy resources to encourage innovation, experts and business leaders said.

Their comments came after the Ministry of Commerce announced on Wednesday the country's service trade amounted to 3.09 trillion yuan ($436 billion) during the first seven months of the year, rising 3.2 percent year-on-year.