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Features, Restrictions, and Policy Recommendations in the Service Sector of the People's Republic of China

dc.contributor.authorWang Wei
dc.description.abstractThe development of the service sector in the People’s Republic of China has not kept pace with the country’s overall economic development. The share of employment in services is still lagging behind that of output and is also below the international norm. Moving from traditional services to modern business services has been the focus in recent decades, but the current structure is still dominated by low-end, traditional industries. In addition, due to the ongoing government strategy to make pilot reforms industry by industry, state-owned service providers still have a large market share, especially in some important service industries, and there are great disparities in development among nonstate-owned service providers across various industries. Complicated institutional restrictions and a lack of effective institutional support and regulatory enforcement require in-depth reforms if the sector is to realize its potential. Strategic measures and policy options for promoting the sector in the next 10 years are suggested.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleFeatures, Restrictions, and Policy Recommendations in the Service Sector of the People's Republic of China
dc.typeWorking Papers
dc.subject.expertEconomic Crisis
dc.subject.expertEconomic Efficiency
dc.subject.expertEconomic Policies
dc.subject.expertRegional Economic Development
dc.subject.expertPublic Sector Wages
dc.subject.adbEconomic cooperation
dc.subject.adbGross domestic product
dc.subject.adbWage payment systems
dc.subject.naturalFinancial crisis
dc.subject.naturalLabor economics
dc.subject.naturalRegional economics
dc.subject.naturalGuaranteed annual wage
dc.subject.naturalWage differentials
dc.subject.naturalWages and labor productivity
dc.title.seriesEconomics Working Papers
dc.title.volumeno 357
dc.contributor.imprintAsian Development Bank
oar.themePublic Sector
oar.adminregionEast Asia Region
oar.countryChina, People's Republic of
oar.authorWei, Wang

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