Xi urges breaking new ground in service sector development

Chinese President Xi Jinping called for breaking new ground in the high-quality development of China's service sector at a national conference held in Beijing from Tuesday to Wednesday. He underscored demand-driven development, reform breakthroughs, technology empowerment, and opening up. Premier Li Qiang and Vice Premier Ding Xuexiang addressed the meeting.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, issued instructions at the national conference on the service sector held in Beijing from Tuesday to Wednesday.

He noted that since the 18th National Congress of the CPC, China's service sector has steadily expanded in scale and continuously improved in quality and efficiency, playing an important role in supporting industrial upgrading, meeting people's livelihood needs, and driving job growth.

Xi called for focusing on demand-driven development, reform breakthroughs, technology empowerment, and opening up and cooperation to carry out capacity-expanding and quality-upgrading initiatives. He urged advancing producer services toward greater specialization and higher end of the value chain, fostering high-quality, diverse, and accessible consumer services, and building more "China Services" brands.

Premier Li Qiang stressed deepening understanding of the service sector from strategic and overall perspectives to promote its high-quality and efficient development. He highlighted adapting to demographic shifts, consumption upgrading, and industrial transformation to foster new growth drivers, advancing digital, intelligent, standardized, integrated, and internationalized development, improving inclusive basic services, expanding upgraded services, and supporting technology and advanced manufacturing, while expanding opening up with targeted policies.

Vice Premier Ding Xuexiang, in concluding remarks, urged solid progress on key tasks, emphasizing innovation, cost reduction, efficiency enhancement, catering to demands, and boosting market vitality. He called for correct performance views and effective implementation of CPC Central Committee and State Council decisions.

China's service sector added value surpassed 80 trillion yuan (about 11.65 trillion U.S. dollars) last year, accounting for 57.7 percent of GDP, contributing 61.4 percent to economic growth—up 3.7 percentage points from 2024—and providing around half of total employment, according to official data. The National Development and Reform Commission expects the sector to exceed 100 trillion yuan during 2026-2030.

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Realistic illustration of China's 2026 Two Sessions press conference highlighting GDP growth targets and leaders including Premier Li Qiang and Xi Jinping.
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Economy press conference highlights from China's 2026 Two Sessions

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Following Premier Li Qiang's government work report setting a 2026 GDP growth target of 4.5-5%, Zheng Shanjie of the National Development and Reform Commission projected over 6 trillion yuan GDP growth this year at the NPC economy press conference. The service sector is expected to exceed 100 trillion yuan during the 15th Five-Year Plan (2026-2030). Leaders including Xi Jinping emphasized high-quality development amid the sessions.

At a news conference in Beijing, Liu Jieyi, spokesman for the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference, stated that China will deepen high-level opening-up and accelerate free trade zone development to stabilize economic growth amid rising global uncertainties. He highlighted that China's economy demonstrated 'remarkable resilience and vitality' over the past year despite a complex external environment.

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China's State Council unveiled a blueprint on Tuesday aiming to grow its service sector to 100 trillion yuan (US$14.7 trillion) by 2030, fusing software and steel to modernise advanced manufacturing and avert deindustrialisation. The plan spotlights 'producer services' such as specialised logistics, information technology and advanced research. Analysts say it will cultivate world-class Chinese brands and shore up the industrial backbone.

Minister of Culture and Tourism Sun Yeli stated at a news conference on people's livelihood during the fourth session of the 14th National People's Congress that China is ramping up efforts to promote the integration of culture and tourism, sharing its landscapes, culture, history, and modern life with global visitors. In 2025, inbound tourist trips exceeded 150 million, up more than 17 percent year-on-year, while spending surpassed $130 billion, an increase of over 40 percent. Authorities will continue improving the full inbound tourism chain to make travel to China easier.

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Shanghai's municipal government held a news conference to announce the start of the 2026 Shanghai Global Investment Promotion Conference on March 14, lasting a week. The event aims to enhance the business environment and government services to build stronger industrial chains. Officials and executives highlighted new platforms for emerging technologies to attract investments.

Official data from the National Bureau of Statistics shows China's GDP grew 5 percent year-on-year in 2025, reaching 140.19 trillion yuan and surpassing the 140 trillion yuan threshold for the first time. Carbon dioxide emissions per unit of GDP fell 5 percent, while air quality continued to improve.

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At the China Development Forum 2026 in Beijing, international experts praised China's 15th Five-Year Plan for offering clear direction to the global economy and highlighted its stability.

 

 

 

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