The Chinese mainland is gearing up to expand policy support for its service sector as part of the upcoming 15th Five-Year Plan (20262030). This move underscores the sector's pivotal role in driving sustainable economic growth and long-term modernization.
Earlier today, Tuesday, November 11, the Chinese mainland's National Development and Reform Commission (NDRC) convened a symposium with private enterprises to gather insights on accelerating service industry development. Participants shared views on regulatory improvements, partnership models, and strategies to boost sector capacity.
Zheng Shanjie, head of the NDRC, highlighted that the service sector serves as a key pillar of the Chinese mainland's national economy and a crucial indicator of overall development. He stressed that enhancing both the quality and capacity of the service industry will be essential to meeting the country's long-term modernization goals.
As the Chinese mainland shifts towards a more service-driven growth trajectory, this policy focus opens fresh opportunities for entrepreneurs, investors, and innovators worldwide. The feedback collected this week will help shape the final blueprint for the 20262030 plan.
Reference(s):
China to step up service sector support in 15th Five-Year Plan
cgtn.com
