Services to play major role in growth
China's services, especially producer services, will play a very important role in economic growth and urbanization while experts called for the government to create a fair environment and reform monopolies in some sectors.
"China has made great progress in achieving inclusive growth in recent years in view of its improvement in per capita income and poverty reduction, which is mainly owing to the important effect of trade in services on boosting balanced, sustainable and inclusive growth," Harsha Singh, deputy director-general of the World Trade Organization, told a forum at the China International Fair for Trade in Services.
"A major way to achieve inclusive growth is advancing producer services while the introduction and innovation of governmental policies and supervision are needed."
