China Issues Document Setting 2030 Service Industry Scale Goal at RMB 100 Trillion
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China's State Council has released a document outlining its "Opinions on Promoting the Expansion and Quality Improvement of the Service Industry," targeting a total service industry scale of RMB 100 trillion (approximately NTD 460 trillion) by 2030. The plan includes deepening the "AI+" initiative and supporting qualified large service enterprises in listing, financing, and M&A to boost consumption.