Tuesday, February 26, 2013

Service Sector in China

http://www.economist.com/news/finance-and-economics/21572236-services-are-poised-become-countrys-biggest-sector-served-china

This article from The Economist, discusses how services or service jobs in China are becoming the  largest percentage of China's GDP after 2012. "According to the national statistics, services (which include transport, wholesaling, retailing, hotels, catering, finance, real estate and scientific research, among other things) accounted for 44.6% of China’s GDP in 2012" (economist.com, 2013). China already has a rapidly growing economy and with the service sector growing, this could lead the country toward a stable economy with faster job creation and greater household spending which would bode well for the global economy as well.

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