Latest news and articles about service sector from NEX English
The National Bureau of Statistics in China reported that the service sector has become the main driver for job creation, expected to absorb around <strong>50%</strong> of the total workforce by the end of <strong>2025</strong>, up from <strong>48.8%</strong> the previous year.
Chinese President Xi Jinping has called for the enhancement of the service sector through a demand-driven approach, emphasizing reforms and technological empowerment. This announcement was made during a national conference on the service sector in Beijing.
Capital industries are regaining strength against the service sector, indicating a significant shift in global economic dynamics. This change comes amid various challenges facing the global economy.