Beijing forum discusses service sector
- By Gong Yingchun
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E-mail China.org.cn, May 30, 2013
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Supachai Panitchpakdi, secretary-general of the United Nations Conference on Trade and Development (UNCTAD), gives a speech during the forum's opening ceremony. [Photo/Gong Yingchun/China.org.cn] |
In its 12th Five Year Plan (2011-2015), China explicitly states it will promote the development of its service industry. However, the service industry is still restricted by many external factors. Several of the forum's attendees pointed out some crucial factors which have had a negative impact on China's service industry.
"Monopolies of state-owned enterprises seriously hamper the development of China's producer services," said Xia Jiechang, a researcher from the National Academy of Economic Strategy with the Chinese Academy of Social Sciences.
Further reform is necessary in China to break up those abovementioned monopolies. The government should create a fair and liberal commercial environment -- a prerequisite for the development of the service industry.
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