Core Insights - The development potential of the service industry is driven by the continuous expansion of the consumer market and its role as a comprehensive carrier for optimizing economic structure, promoting industrial upgrading, stabilizing and expanding employment, and enhancing international competitiveness [1][2] Group 1: Service Industry Growth - During the "14th Five-Year Plan" period, China's service industry is expected to grow steadily, with an average annual increase of 5.9% in value added from 2021 to 2024, contributing an average of 60.6% to economic growth [1] - By 2024, the value added of the service industry is projected to account for approximately 56.7% of GDP, with household service consumption expenditure making up 46.1%, indicating significant room for improvement in both scale and structure [1] Group 2: Changing Consumer Demand - Current consumer demand in China is shifting from "availability" to "quality," with rapid growth expected in life services such as health care, elderly care, childcare, cultural tourism, and lifelong education due to trends like the expansion of the middle-income group and population aging [2] - The manufacturing sector's transition to higher value chains is driving strong demand for productive services such as R&D design, modern logistics, inspection and testing, and technology finance [2] Group 3: Challenges and Shortcomings - The primary shortcoming in the service industry is the lack of high-quality supply, with a scarcity of quality services in education, healthcare, elderly care, and childcare [3] - There are systemic barriers, including market access restrictions and insufficient competition, which hinder innovation and service quality [3] Group 4: Strategic Recommendations - To promote the expansion and quality improvement of the service industry, it is essential to focus on systemic innovation in development concepts, models, and standards rather than merely increasing scale and speed [4] - Key strategies include removing barriers to market access, encouraging fair participation from various business entities, and fostering the development of internationally competitive service industry leaders [4] - Emphasis should also be placed on deep integration of modern services with advanced manufacturing and agriculture, as well as the integration of digital technologies with service industries [4]