Asia Sentinel

Asia Sentinel

China Switches to a Service Economy

Our Correspondent
Apr 17, 2013
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For the first time ever, if China's official figures are to be believed, the country's services sector surpassed manufacturing as a driver of the economy. The fact seems to have escaped widespread attention in the confusion over why gross domestic product dived so dramatically, to 1.6 percent quarter-on-quarter without official warnings.

Driving up the s…

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