The Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reform and Promoting Chinese Modernization, adopted at the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China (CPC), makes arrangements for improving the institutional mechanism for the development of the service industry and proposes to “focus on key links and subsectors to promote the high-quality development of the productive service industry”. The productive service industry is an important part of the modernized industrial system, and its core function is to provide guarantee services for maintaining the continuity of the production process and promoting technological progress, industrial upgrading and efficiency improvement. The level of development of productive service industry mainly depends on whether it can provide the service supply needed for the transformation and upgrading of manufacturing industry and agriculture and quality improvement, and ultimately whether it can improve the quality and efficiency of industrial development. To fully promote the construction of a strong country and national rejuvenation with Chinese-style modernization, we should closely focus on the primary task of promoting high-quality development, promote the development of productive service industry to speed up the level of improvement, and enhance the international competitiveness and influence of China's industries in all aspects.
The development of productive service industry is of great significance
It is an inherent requirement to build a modernized industrial system. It is an important feature of the modernized industrial system that the modern service industry has become the leading industry and accounted for a large proportion of the GDP.In 2023, the added value of China's service industry accounted for 54.6% of the GDP, and it has become the main driving force of economic development. As an important part of the service industry, the development level of productive service industry is directly related to the quality of service industry development and the effectiveness of the construction of modernized industrial system. It is necessary to actively guide the productive service industry to specialization and high-end extension of the value chain, promote the high-quality and high-efficiency development of the service industry, and contribute to accelerating the construction of a modernized industrial system and consolidating the material and technological foundation for building a strong socialist modernization country in an all-round way.
The inevitable choice of building a manufacturing power and an agricultural power. China is a large manufacturing country and a large agricultural country, but the manufacturing industry is not strong in innovation, agricultural quality and efficiency, an important reason is the insufficient development of productive service industry. From the industrial development practice, international advanced manufacturing enterprises generally realize the transition from traditional manufacturers to service providers, service intermediate inputs and service business to create more and more value. At the same time, agricultural cost saving and efficiency, but also inseparable from the market information, agricultural supply, green production technology, agricultural operations and maintenance and other agricultural production services. To build a strong manufacturing country and a strong agricultural country, it is necessary to accelerate the development of the productive service industry, provide more professional, precise and efficient services for manufacturing and agriculture, and promote the realization of the extension of the industrial chain to the downstream and the value chain to the middle and high end.
It is an important initiative to shape new advantages in international cooperation and competition. At present, the momentum of the global service industry opening up and development is becoming more and more prominent, the opening up and cooperation of the service industry continues to deepen, and the service trade and investment are active, which has become a key area for the reconstruction of international economic and trade rules. Accelerating the development of productive service industry is conducive to making up for the short boards in the fields of scientific and technological research and development, industrial design, etc., enhancing the level of scientific and technological innovation and the ability of technological research, and upgrading the modernization level of China's industrial chain supply chain; and it is conducive to increasing the manufacturing industry's effective intermediary demand for the domestic service industry, stimulating the kinetic energy, and upgrading China's ability to participate in the competition of global service industry.
Accelerating the pace of high-quality development
Since the 18th CPC National Congress, the industrial scale of China's productive service industry has continued to expand, innovation and vitality has continued to burst, the integration of development has continued to deepen, the level of openness has continued to improve, and the pace of high-quality development has taken a new step.
Maintaining the momentum of faster growth. In recent years, China's productive service industry has shown a relatively fast development trend, and the proportion of productive service industry in GDP has steadily increased, providing strong support for leading industries to extend to the high end of the value chain and accelerating the formation of new quality productivity. 2012 to 2023, the value added of the four major productive service industries, namely, transportation, warehousing and postal services, information transmission, software and information technology services, financial services, and leasing and business services, increased from 8.21% to 8.9%, with the growth of the value added of productive service industry increasing from 8.9% to 8.9%. The value-added of the service industry grew from 8.21 trillion yuan to 25.80 trillion yuan, with a nominal growth rate of 11.0%, and its share of GDP increased from 15.2% to 20.5%. In the first half of this year, the value-added of the information transmission, software and information technology service industry, and the leasing and business service industry grew by 11.9% and 9.8% year-on-year respectively, significantly higher than the growth rate of the value-added of the service industry.

Innovation capacity continues to strengthen. With the continuous maturation and extensive application of new technologies such as the Internet, big data, cloud computing, artificial intelligence, etc., new forms and modes of production service industry have emerged continuously, new kinetic energy has accelerated gathering, and a number of leading enterprises have emerged in the fields of e-commerce, intelligent logistics, finance, etc. Data has become an important production factor of the service industry, and the service industry has become an important production factor of the service industry. Data has become an important production factor in the service industry, and the information transmission, software and information technology service industry, the Internet and related service industry, and other productive service industries with digital products and services as their main content have led the optimization and upgrading of China's service industry. in 2023, the fixed-asset investment in high-technology service industry increased by 11.4% year-on-year, higher than the fixed-asset investment in the entire service industry by 11.0%.The level of openness and development has continued to rise. The opening-up of China's service industry to the outside world has been accelerated on all fronts, the pace of its integration into the global service network has been accelerated, and trade in productive services and the utilization of foreign investment have been making steady progress, making an important contribution to the promotion of the growth of foreign trade and foreign investment, the construction of a new pattern of development and the cultivation of a new competitive advantage in the international arena. UNCTAD data show that the total import and export of China's productive services trade has long accounted for more than two-thirds of the total trade in services, up to 84.57% in 2022.2023 In 2023, China's services industry actually utilized foreign investment amounting to RMB776.08 billion, accounting for nearly 70% of the total actually utilized foreign investment, most of which was concentrated in the leasing and business services industry, scientific research and technology services, the Most of them are concentrated in leasing and business services, scientific research and technology services, information transmission, software and information technology services and other productive service industries.
Enhanced ability to support transformation. At present, China is in the critical period of transforming the mode of development, optimizing the economic structure and transforming the growth momentum. Accelerating the development of productive service industry and promoting the integration of advanced manufacturing industry and modern service industry can effectively assist the industrial restructuring and transformation and upgrading. In recent years, new technologies such as artificial intelligence have been widely used, and information technology has empowered the real economy, effectively enhancing the productivity and innovation capacity of the manufacturing industry. As of the end of December 2023, the national public service platform for the integration of dualization served 183,000 industrial enterprises, and the popularity rate of digital R&D and design tools reached 79.6%. With advantages in human capital, technology management and sales channels, some service enterprises have expanded their business scope to the manufacturing segment through commissioned manufacturing and brand authorization. Financial support for the real economy has been increasing, with the balance of RMB loans issued to the real economy at the end of 2023 growing by 10.4% year-on-year, accounting for 62.3% of the stock of social financing scale in the same period, an increase of 0.5 percentage points year-on-year.
At the same time, we should also see that China's productive service industry still exists in the added value of the proportion of GDP is not high enough, the development of knowledge and technology-intensive productive service industry is not sufficient, the level of specialization in the transformation and upgrading of the service industry is lacking, and international competitiveness is not strong enough and other issues.
Mending shortcomings, optimizing structure and strengthening functions
The development of productive service industry can not only create economic increment, but also strongly support the industrial transformation and upgrading, to speed up the shortcomings of the mending board, optimal structure, strong function, and promote the quality and efficiency of productive service industry, and promote the economy to realize the quality of the effective enhancement of the quantity and reasonable growth.
Emphasize the status and role of productive service industry. Correctly understand the status and role of productive service industry in the modernized industrial system, and focus on key links and sub-fields to promote the high-quality development of productive service industry. Increase capital investment in the development of productive service industry, comprehensively use loan subsidies, funding subsidies and incentives and other ways to support the key industries and key areas of productive service industry to make up for the shortcomings and weaknesses. Break down all kinds of hidden barriers, mobilize the investment enthusiasm of private capital, accelerate the pace of social capital into information services, R&D services and other fields, and expand the investment channels and development space of private capital.
Further optimize the internal structure. Adhere to the fundamental purpose of financial services for the real economy, improve the match between financial supply and the real economy, encourage financial innovation and standardized development, and effectively prevent financial risks. Strongly support the accelerated development of knowledge- and technology-intensive productive service industries such as R&D and design, logistics and supply chain management, information services, energy conservation and environmental protection, productive leasing and business services. Implementing universal “cloud computing and digital intelligence” services, accelerating the digital transformation of R&D and design, financial services, supply chain management, transportation and other productive service industries, and improving the efficiency of productive service industries.
Promote the deep integration of modern service industries with advanced manufacturing industries. Strengthen the standardization of productive service industries and establish a service industry standard system that is on par with international standards. Establish a more coordinated and perfect division of labor system, support and guide manufacturing enterprises to further break the pattern of “big and all-embracing” and “small and all-embracing”, separate and outsource service businesses, and cultivate a batch of professional R&D and design, modern logistics, business consulting and other productive service enterprises. Enterprises. Developing new services for the whole life cycle of manufacturing industry, identifying the embedding point of productive service industry to serve manufacturing industry in depth, and continuously exploring the path of integration and development of modern service industry and advanced manufacturing industry. Create a service network of productive service enterprises to advanced manufacturing enterprises, build an exchange platform between productive service enterprises and advanced manufacturing enterprises, and promote synergistic innovation of products, technology, design and management between service enterprises and manufacturing enterprises.