Bo Zhuang

Chief Economist and Director, China Research
+86 10 5960 3315

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China: The rising role of services as growth driver

Overview

China’s growing services industry has emerged as an important stabilizing force in an economy under major pressure in other sectors. Markets have not fully understood this development, and the role of services continues to be underestimated, in part because of incomplete data and in part because of the traditional focus on heavy industry, property and infrastructure in assessments of the Chinese economy. Besides the financial sector's stronger performance as a result of stock market...

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