Former China Central Bank Official Emphasizes Importance of Modern Services in Economic Growth

Saturday, 20 April 2024, 04:00

Former China central bank official, Sheng Songcheng, warns against miscategorising 'virtual economy' and stresses the significance of modern services in the country's push for new productive forces. Highlighting the necessity for a high-tech, high-quality service sector, Songcheng's insights shed light on the evolving landscape of China's economy.
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Former China Central Bank Official Emphasizes Importance of Modern Services in Economic Growth

Former China Central Bank Official's Warning

Former China central bank official, Sheng Songcheng, stresses the importance of avoiding misclassification of the 'virtual economy'.

Emphasizing Modern Services

Songcheng highlights the need for a hi-tech, high-quality service sector to drive new productive forces in China.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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