Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes the importance of promoting high-quality and efficient development of the service industry as a major task for building a modern industrial system and achieving high-quality development in the context of Chinese-style modernization [1] Group 1: Significance of Promoting High-Quality and Efficient Development of the Service Industry - The service industry is a crucial component of the national economy and its development level is a key indicator of a country's economic progress [2] - High-quality and efficient development of the service industry is essential for building a modern industrial system, integrating modern services with advanced manufacturing and modern agriculture [2] - It is an inherent requirement for establishing a strong domestic market, with a significant shift in consumption patterns expected as GDP per capita exceeds $13,400 in 2024 [3] - The service industry is vital for improving the quality of life for citizens, providing numerous employment opportunities and addressing public service needs [4] - It serves as a key driver for cultivating new advantages in international economic cooperation and competition, especially in the context of evolving global trade dynamics [5] Group 2: Foundations for High-Quality and Efficient Development of the Service Industry - Since the 18th National Congress, the service industry has seen significant growth, with its value-added increasing from 24.5 trillion yuan in 2012 to 76.6 trillion yuan in 2024 [6] - The contribution of the service industry to economic growth has risen from 49.9% in 2014 to 56.2% in 2024, indicating a solidifying role as a growth driver [7] - Employment in the service sector has increased by approximately 84 million from 2013 to 2024, accounting for 48.8% of total employment [8] - The structure of the service industry is continuously optimizing, with modern services becoming a significant force in driving industrial transformation [7] - The scale and quality of service trade have improved, with total service imports and exports growing from about 3 trillion yuan in 2012 to over 7.5 trillion yuan in 2024 [9] Group 3: Major Tasks for Promoting High-Quality and Efficient Development of the Service Industry - Implement actions to expand and improve the quality of the service industry, focusing on professionalization and high-end value chain extension [11] - Deepen reform and opening up in the service sector to enhance development momentum and improve service trade quality [12] - Enhance the quality and efficiency of integrated development between modern services and advanced manufacturing, promoting collaborative growth [13] - Improve the policy framework and foundational systems supporting service industry development, including financial, investment, and talent support [14]

Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes the importance of promoting high-quality and efficient development of the service industry as a key task for building a modern industrial system and achieving high-quality development in the context of Chinese-style modernization [1][2]. Group 1: Significance of Promoting High-Quality and Efficient Development of the Service Industry - The service industry is a crucial component of the national economy and its development level is a significant indicator of a country's economic progress [2]. - High-quality and efficient development of the service industry is essential for building a modern industrial system, integrating modern services with advanced manufacturing and modern agriculture [2]. - It is an inherent requirement for establishing a strong domestic market, with a projected per capita GDP of approximately $13,400 in 2024, indicating a shift towards balanced consumption of goods and services [3]. - The service industry plays a vital role in improving the quality of life for citizens, providing numerous employment opportunities and enhancing service supply quality [4]. - Promoting the service industry is also a key strategy for cultivating new advantages in international economic cooperation and competition, especially in the context of rapid advancements in digital technology and service trade [5]. Group 2: Foundations for High-Quality and Efficient Development of the Service Industry - Since the 18th National Congress, the service industry has seen significant growth, with its value-added increasing from 24.5 trillion yuan in 2012 to 76.6 trillion yuan in 2024 [6][7]. - The contribution rate of the service industry to economic growth has risen from 49.9% in 2014 to 56.2% in 2024, reflecting its increasing importance [7]. - The structure of the service industry is continuously optimizing, with modern services becoming a driving force for industrial transformation [8]. - Employment in the service industry has increased significantly, with approximately 84 million new jobs created from 2013 to 2024, accounting for 48.8% of total employment [8]. - The scale and quality of service trade have improved, with total service imports and exports growing from about 3 trillion yuan in 2012 to over 7.5 trillion yuan in 2024 [9]. Group 3: Major Tasks for Promoting High-Quality and Efficient Development of the Service Industry - Implement actions to expand and enhance the quality of the service industry, focusing on both scale and quality improvements [11]. - Deepen reforms and open up the service industry to enhance development momentum and improve service trade quality [12]. - Enhance the quality and effectiveness of integrated development between modern services and advanced manufacturing, promoting innovative service solutions [13]. - Improve the policy framework and foundational systems supporting service industry development, including financial, investment, and talent support [14].

Core Viewpoint - The meeting hosted by the National Development and Reform Commission (NDRC) focused on accelerating the development of the service industry in line with the "14th Five-Year Plan" and solicited opinions from various enterprises on this matter [1][2]. Group 1: Service Industry Development - The service industry is a crucial part of the national economy, and its development level is a key indicator of a country's economic progress [2]. - There is significant potential for expansion and quality improvement in China's service industry, as highlighted by the recent decisions made during the 20th Central Committee's Fourth Plenary Session [2]. - Enterprises expressed confidence in the growing market demand for services and are working towards professionalization and refinement in their respective fields [1]. Group 2: Government Support and Policy Recommendations - Enterprises suggested that the government should deepen institutional reforms, improve social security and tax support systems, and innovate regulatory methods to better support service industry development [1]. - The NDRC plans to incorporate valuable suggestions from enterprises into the "14th Five-Year Plan" to create a better development environment for businesses [2]. - The NDRC aims to enhance communication with enterprises to address practical difficulties and promote healthy and high-quality development of the private economy [2].