China’s services sector accounted for 54 per cent of gross domestic product (GDP) in 2019, followed by industry with 39 per cent and agriculture with 7 per cent, according to the World Bank. Photo: Xinhua
China’s services sector accounted for 54 per cent of gross domestic product (GDP) in 2019, followed by industry with 39 per cent and agriculture with 7 per cent, according to the World Bank. Photo: Xinhua
China economy
Economy /  China Economy

Explainer |
China’s services sector: what is it and why is it important to the economy?

  • China’s services sector accounted for 54 per cent of gross domestic product (GDP) in 2019
  • It includes various service industries such as transport services, information services, investment services and health care, as well as arts, entertainment and recreation

Andrew Mullen
Andrew Mullen

Updated: 10:23am, 3 Jun, 2021

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China’s services sector accounted for 54 per cent of gross domestic product (GDP) in 2019, followed by industry with 39 per cent and agriculture with 7 per cent, according to the World Bank. Photo: Xinhua
China’s services sector accounted for 54 per cent of gross domestic product (GDP) in 2019, followed by industry with 39 per cent and agriculture with 7 per cent, according to the World Bank. Photo: Xinhua
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