China's Silver Lining
The rise of services over sweat shops
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Forget the old image of thousands of workers assembling gadgets or stitching sneakers; the new China is increasingly about Internet sales, day-trading stocks and the rise of services.
In the first quarter, services made up a record 51.6 percent of gross domestic product, 8.7 percentage points more than manufacturing. That's up from 48.2 percent in all of 2014, and is helping cushion the nation's slowdown.