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Understand the answer to China's economic | Service industry plays the role of the main engine of economic growth in a "new" way
2025-04-26 source:CCTV.com

CCTV News: Understand China's economic answer sheet and pay attention to important economic indicators. Next, let’s focus on the service industry. In 2024, the service industry economy achieved rapid growth and played the role of the main engine of economic growth.

In this 2024 China Economic Answer Sheet, we can see that the added value of the service industry in 2024 was 7,655.83 billion yuan, an increase of 5.0% over the previous year, and its contribution to national economic growth was 56.2%, driving the growth of GDP by 2.8 percentage points.

Wang Guanhua, spokesperson of the National Bureau of Statistics and deputy director of the Department of Comprehensive Statistics of the National Economy, said that the service industry is the largest industry in the national economy. Last year, the scale of my country's service industry grew stronger and stronger, and the proportion of the service industry in GDP was increasing. Emerging service industries such as information transmission, leasing and business services are growing rapidly, new business forms and new models are emerging, and the expectations of service industry enterprises are improving. From the perspective of the whole year, the service industry still plays the role of the main engine of economic growth.

Through this answer sheet, we can see that the leading role of modern service industry has been enhanced. In 2024, the added value of information transmission, software and information technology services, leasing and business services, and the added value of the financial industry increased by 10.9%, 10.4% and 5.6% respectively over the previous year, driving the added value of the service industry by 2.3 percentage points, providing strong support for the accelerated development of new quality productivity and better serving the real economy.

Zhang Linshan, a researcher at the Macroeconomic Research Institute of the National Development and Reform Commission, said: "Emerging service industries have grown rapidly, service consumption potential has been fully released, digital technology innovation consumption scenarios, and the deep integration of culture and tourism have stimulated new consumption potential."

Looking ahead to 2025, experts believe that the service industry is expected to continue to maintain a good development trend. Emerging service industries will continue to grow rapidly, and under the promotion of digital technology, artificial intelligence and other fields, new service models and business formats will continue to emerge. The potential for service consumption will be further released, people's demand for high-quality and diversified services will continue to increase, and catering, tourism, culture and entertainment will usher in greater development opportunities.

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