CHINA'S service industry is expected to enter a period of fast growth, says a blue book issued by the Institute of Finance and Trade Economics (IFTE) of the Chinese Academy of Social Sciences.
The blue book, Service Industry in China: Growth and Structure, released on Wednesday, said the service industry has already seen fast expansion along with the countrys reform and open-up drive over the past more than two decades, with its added value accounting for 34% of Chinas gross domestic product in 2002, compared with 21% in 1980.