China's service sector registered steady growth in the first seven months of the year, with the production index up 4.7 percent year on year, said Fu Linghui, spokesman for the National Bureau of Statistics, on Monday.
Speaking at a press conference in Beijing, Fu said the sub-indexes of services production for four major industries in the sector all achieved growth in the seven-month period.
"The service sector grew steadily, with modern services enjoying a sound growth momentum. In the first seven months, the index of services production grew by 4.7 percent year on year. Specifically, that of information transmission, software and information technology services, leasing and business services, finance, and transportation, storage and postal services grew by 10.6 percent, 9.5 percent, 6.3 percent and 5.1 percent year on year respectively. In July, the index of services production increased by 4.3 percent year on year," Fu said.
"In July, the business activity index for services stood at 49.3 percent and the business activity expectation index for services reached 56.0 percent. Specifically, the business activity index for post, telecommunication, broadcast, television and satellite transmission services, and culture, sports and entertainment stayed within the high expansion range of 55.0 percent and above. In the first six months, the business revenue of service enterprises above the designated size [each with an annual main business revenue of at least 20 million yuan, or 2.78 million U.S. dollars] grew by 5.9 percent year on year," he said.
China's service sector posts steady growth in Jan-July period
