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Services sector to grow rapidly

Updated: Oct 19,2015 5:04 PM     english.gov.cn

China has been attempting to shift from an export-led economy to a consumer and services-led one.

Beijing set an official growth target of “about 7%” for the overall year but Premier Li Keqiang said a lower growth rate was also acceptable, as long as enough new jobs were created.

“In order to restructure, the economy will face some downward pressure,” Sheng Laiyun, a spokesman for the Chinese statistics agency, told reporters.

But despite a slowdown in the industrial sector, Mr Sheng said the services sector is expected to grow rapidly.

--BBC on Oct 19