Former Mayor of Chongqing Huang Qifan: We must focus on promoting the productive service industry and aim for it to account for 35% of GDP by 2030.

Former mayor of Chongqing, Huang Qifan, stated at the China Macro Economy Forum 2025 Mid-term Forum on the 21st that in the next 5 to 10 years, China's economy will enter a stage of full-scale promotion of the development of new quality productivity. In terms of the service industry, efforts should be made to focus on productive services. By the end of the 15th Five-Year Plan, the proportion of productive services in GDP should increase from the current 27% to 35%.