🚀 China's next big boom? It's all about services! 🇨🇳
Bai Chong-en, the dean of the School of Economics and Management at Tsinghua University, believes that the future of China's household consumption growth is set to skyrocket, thanks to the services industries. 🛍️💡
Speaking recently, Bai emphasized that while manufacturing should continue to improve and strengthen, it's not about getting bigger. 🏭🔧 Instead, the real growth potential lies in making services better, stronger, and larger. Think of it as leveling up the services sector to meet the evolving needs of the people! 📈🏆
Bai pointed out that relying too heavily on investment in manufacturing isn't the way forward. 🤔 Instead, China should focus on enhancing its services industries, which can drive sustainable growth and offer new opportunities for innovation and employment. 💼🌟
So, whether it's tech, finance, education, or entertainment, the services sector is where the magic is happening! ✨ Let's watch how this shift shapes the future of China's economy. Stay tuned! 🎬
Reference(s):
Bai Chong-en: China needs to make services better, stronger & bigger
cgtn.com
