China’s Service Industry: Review and Prospect

Abstract

History is the basis of reality and the source of the future. By “looking back” on the development of service industry, we can better realize “looking forward”: to explore the general trend of service industry. The analysis of the characteristics and trends of the development of China’s service industry since the twenty-first century can provide a logical basis for the analysis of the general trend of the development of the service industry. Revealing the transformation of China’s industrial structure from industrial dominance to service dominance and its impact on economic development can provide a new perspective for a better understanding of the new normal of economic development. The formation of dominant position of service industry leads to the importance and urgency of strengthening service industry statistics.