Financial services is among industries expected to make up for much of the growth lost to lower output in export-oriented manufacturing in China. Photo: Reuters

Cities must rise if services are to power China’s new economy

Zhang Jun says rapid urbanisation is a key requirement for the service sector to meet long-term growth expectations, but tough decisions will be needed as the journey to structural reform can be slow and painful

Topic |   China economy

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Financial services is among industries expected to make up for much of the growth lost to lower output in export-oriented manufacturing in China. Photo: Reuters
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