Services sector emerges as crucial growth driver

Tech advancements: Tourists and locals in the central district of Hong Kong. China’s rapid development of AI is poised to open new chapters for services trade with a transformative impact on education, tourism, healthcare and sports, experts say. — Bloomberg

BEIJING: The services sector is becoming an increasingly crucial engine for China’s economic growth and holds substantial potential.

This is driven by technological advancements such as artificial intelligence (AI), said foreign representatives at the 2025 China International Fair for Trade in Services (Ciftis), held in Beijing from yesterday through Sunday.