BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/09
Structure of China’s service sector and real growth in 2015
Source: China National Bureau of Statistics.
Finance and insurance have been the fastest growing branches within the service sector in recent years. In contrast, growth slowed last year in trade, transport, and accommodation and catering services. The “other” services category, which encompasses about 40 % of China’s service sector, has enjoyed robust growth and suggests a rapid expansion of public services. The most recent available figures from 2012 show about 60 % of “other” services are generated by public administration, education, health care and research activity.