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Service Sector Reform in China

Author

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  • Ryan Rutkowski

    (Peterson Institute for International Economics)

Abstract

Faced with slowing economic growth, Chinese policymakers now recognize that the service sector of the economy-transportation, communications, finance, and health care-could spur economic activity and employment. The catch is that China must reform these and other areas to accomplish this goal. Chinese leaders have outlined an ambitious agenda for reform, but myriad vested interests could slow or block their plans. This Policy Brief evaluates the steps taken so far and the difficulties that lie ahead in implementing them. If policymakers fail to reform and open up the service sector, they run the risk of seriously impairing China's growth prospects.

Suggested Citation

  • Ryan Rutkowski, 2015. "Service Sector Reform in China," Policy Briefs PB15-2, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb15-2
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    File URL: https://www.piie.com/publications/policy-briefs/service-sector-reform-china
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    References listed on IDEAS

    as
    1. Nicholas R. Lardy & Nicholas Borst, 2013. "A Blueprint for Rebalancing the Chinese Economy," Policy Briefs PB13-2, Peterson Institute for International Economics.
    2. C. Fred Bergsten & Gary Clyde Hufbauer & Sean Miner & Tyler Moran, 2014. "Bridging the Pacific: Toward Free Trade and Investment between China and the United States," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6918, October.
    3. Nicholas R. Lardy, 2014. "Markets over Mao: The Rise of Private Business in China," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6932, October.
    4. J. Bradford Jensen, 2011. "Global Trade in Services: Fear, Facts, and Offshoring," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6017, October.
    5. Park, Donghyun & Shin, Kwanho, 2012. "The Service Sector in Asia: Is It an Engine of Growth?," ADB Economics Working Paper Series 322, Asian Development Bank.
    6. Morris Goldstein & Nicholas R. Lardy, 2009. "The Future of China's Exchange Rate Policy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa87, October.
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    Cited by:

    1. Ziyi Wei & Quyen T. K. Nguyen, 2020. "Chinese Service Multinationals: The Degree of Internationalization and Performance," Management International Review, Springer, vol. 60(6), pages 869-908, December.
    2. Chan, Tysun & Gountas, Sandra & Zhang, Luyuan & Handley, Brian, 2016. "Western firms' successful and unsuccessful business models in China," Journal of Business Research, Elsevier, vol. 69(10), pages 4150-4160.

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