An explanation of the underdevelopment of China’s service sector from the perspective of demand

The share of the service sector in China is significantly lower than that in most countries at the same level of income. Figures reveal that an insufficiency in both consumer and producer demand may be one of the reasons. We find that the demand insufficiency mainly stems from high consumer preferen...

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Bibliographic Details
Main Authors: Fan, Wenjing, Pan, Jiadong, Zhou, Minghai
Format: Article
Language:English
Published: Taylor & Francis 2019
Subjects:
Online Access:https://eprints.nottingham.ac.uk/56619/