China’s State Council has released a new policy blueprint to upgrade and expand the service sector, setting an ambitious goal: to push the total scale of the service industry to 100 trillion yuan by 2030. The plan signals a strategic shift toward high-quality growth and economic restructuring.

The guideline focuses on strengthening producer services, improving consumer services, and accelerating digital and intelligent transformation. Priority support will go to tech services, R&D, big data, artificial intelligence, and related new infrastructure. The policy encourages the adoption of large models and intelligent services, benefiting software, data elements, and high-end logistics.

Services already account for over 55% of China’s GDP and serve as a key economic stabilizer. Reaching the 100-trillion target will require an average annual growth rate of around 6%. The push is expected to create massive employment and drive China’s economy from manufacturing-led to service and technology-driven. Finance, healthcare, education, and information services are set to become major investment hotspots.