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Apr 22, 09:45 AM

State Council Promotes Expansion and Quality Enhancement of the Service Sector

[Policy Announcement] The State Council has issued the 'Opinions on Promoting the Expansion and Quality Enhancement of the Service Sector,' setting a clear target for the total scale of the service sector to reach 10 trillion RMB by 2030.

Core Direction: Dual-track Upgrading of Producer and Consumer Services

Producer services will extend toward greater specialization and higher segments of the value chain, with a focus on strengthening weak areas such as scientific and technological services, modern logistics, software and information services, and supply chain finance. Consumer services will prioritize elderly care, childcare, and household services, driving high-quality, diversified, and convenient development.

Key Target: 10 Trillion RMB by 2030

The Opinions state that by 2030, the total scale of the service sector will exceed 10 trillion RMB, fostering more globally competitive 'China Services' brands and significantly enhancing both international competitiveness and public well-being.

Strategic Foundation: Reform, Technology, and Openness as Drivers

The policy emphasizes four pillars—demand-driven growth, reform breakthroughs, technology empowerment, and open collaboration—to dismantle institutional and systemic barriers and to holistically optimize new capacity while revitalizing existing assets.