Production oriented services prioritized
Print Edition
CHINA will accelerate the development of production-oriented service industries in a bid to step up industrial restructuring and prop up economic growth.
Priorities will be given to the development of research and design, commercial services, marketing and after-sales services, according to an executive meeting of the State Council chaired by Chinese Premier Li Keqiang yesterday.
The move is expected to stimulate domestic demand, boost social employment and improve people’s livelihoods, as well as stabilize economic growth.
It will also help the sector move up the value chain, and prompt integrative development of the country’s tertiary, agriculture and industry sectors.
According to the meeting, design and application of new materials, products and techniques will be strengthened. Improvements will be made in information technology and energy saving services, as well as logistics services for manufacturers.
Financial services for the manufacturing of construction equipment, delivery vehicles and production line will be promoted, while the country will encourage service outsourcing and the nurturing of high-end talents.
The central government will ease market access to attract social capital to the industries, encouraging Chinese enterprises of the sectors to invest overseas and lifting access restrictions gradually for foreign companies on architectural design, accounting audit and commercial logistics.
Enterprises of research and design, inspection and certification, and energy saving will be granted tax breaks.
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