Chinese Vice Premier He Lifeng has called on multinational companies, including the Advanced Micro Devices (AMD), to seize China's development opportunities during a meeting with the company's President and CEO Lisa Su in Beijing on Monday.
He, also a member of the Political Bureau of the Communist Party of China Central Committee, noted that the heads of state of China and the United States have reached a series of important consensus last week and the two countries' economic and trade teams produced generally balanced and positive outcome.
The vice president extended welcome to multinationals including AMD to seize China's development opportunities and deepen mutually beneficial cooperation.
Su expressed AMD's willingness to continue expanding business in China and increasing investment in the country.
Chinese vice premier welcomes multinationals to seize China's development opportunities
China's service sector has maintained steady growth since the beginning of this year, with structural upgrading, steady growth of new drivers, and further release of development potential, driven by various measures to enhance capacity and quality of the service sector, the National Bureau of Statistics (NBS) said Monday.
In the first four months of this year, China's modern service sector has shown solid growth.
In April alone, the production index for information transmission, software and information technology services increased by 11.7 percent year on year, significantly faster than the overall growth of the service sector, according to NBS data.
The high-end development trend of the service sector, represented by high-tech services, has become increasingly evident.
In the January-April period, investment in high-tech services rose by 10.5 percent year on year, with investment growth in information services and inspection and testing services both maintaining double-digit levels.
This year, consumer spending on residential services has grown steadily, while emerging service sectors have continued to play a stronger driving role.
From January to April, online retail sales of services increased by 8.3 percent year on year. The platform economy continued to develop, with active transactions in internet services.
Against the backdrop of green and low-carbon transformation, the construction and application of charging facilities have accelerated, leading to rapid growth in related services.
During the first four months, transaction volume on major charging platforms grew by more than 30 percent.
"Overall, the service sector grew steadily in April, with structural upgrading, expanding new drivers and continued release of development potential. Looking ahead, China's service sector has vast room and great potential for development," said Fu Linghui, spokesman of the NBS, at a press conference in Beijing.
China's service sector sees steady growth in first four months
