Chinese GDP Driven by ’at Your Service’ Not Manufacturing: ChartBloomberg News
As China reports gross domestic product this week, the structure of the world’s second-largest economy has evolved, with services, categorized as tertiary industries, now contributing a majority of GDP. In the January-March quarter, which includes the annual new year festival when most factories close and hundreds of millions of people travel, services accounted for a record high 57 percent of economic output, compared with 38 percent from manufacturing-led secondary industries and the rest from agriculture.
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