LINE

Text:AAAPrint
Economy

China issues new index to gauge service sector growth

1
2017-03-14 16:18Xinhua Editor: Gu Liping ECNS App Download

China's service sector growth continued to pick up in the first two months of 2017, official data showed Tuesday.

The new Index of Services Production grew 8.2 percent year on year in the Jan.-Feb. period, 0.1 percentage point faster than that in December 2016, according to the National Bureau of Statistics (NBS).

This is the first time the NBS has rolled out a comprehensive index to evaluate service sector development, according to NBS spokesperson Sheng Laiyun.

The new index can reflect short-term changes in the service sector and can help policy-makers and enterprises observe industrial trends and make decisions accordingly, Sheng said.

China's economy is shifting to a growth model mainly driven by the service sector, which has for years accounted for over half of the country's total GDP.

Industries including information transmission, software, IT, transport and courier services showed strong growth in January and February, the index showed.

Business activities in the service sector remained expansionary in February, with railway transport, telecom, broadcasting and TV and the Internet sectors posting strong performances, NBS data showed.

 

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.