Features, Restrictions, and Policy Recommendations in the Service Sector of the People’s Republic of China

Wang Wei
Additional contact information
Wang Wei: Development Research Center of the State Council

No 357, ADB Economics Working Paper Series from Asian Development Bank

Abstract: The development of the service sector in the People’s Republic of China has not kept pace with the country’s overall economic development. The share of employment in services is still lagging behind that of output and is also below the international norm. Moving from traditional services to modern business services has been the focus in recent decades, but the current structure is still dominated by low-end, traditional industries. In addition, due to the ongoing government strategy to make pilot reforms industry by industry, state-owned service providers still have a large market share, especially in some important service industries, and there are great disparities in development among non- state-owned service providers across various industries. Complicated institutional restrictions and a lack of effective institutional support and regulatory enforcement require in-depth reforms if the sector is to realize its potential. Strategic measures and policy options for promoting the sector in the next 10 years are suggested.

Keywords: services; People’s Republic of China; growth; productivity (search for similar items in EconPapers)
JEL-codes: O14 O40 O47 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2013-07-19
Note: http://www.adb.org/sites/default/files/pub/2013/ewp-357.pdf
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.adb.org/publications/features-restrict ... oples-republic-china Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0357

Access Statistics for this paper

More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde ().