The development of the service industry in the modern economy: mechanisms and implications for China

China Finance and Economic Review

Table 1 The adjustment of industrial structure in China: 1952 to 2010

	Year	Primary industry	Secondary industry	Industry	Tertiary industry	Transportation, post, and telecommunication	Wholesale, retail, and catering
Nominal share of services in GDP (%)	1952	50.37	20.88	17.64	28.62	4.27	11.83
	1978	28.19	47.88	44.09	23.94	4.99	6.65
	1984	32.13	43.09	38.69	24.78	4.70	5.04
	1992	21.79	43.45	38.20	34.76	6.27	8.93
	2001	14.39	45.15	39.74	40.46	6.27	8.32
	2009	10.33	46.24	39.67	43.43	4.91	8.50
	2010	10.18	46.86	40.21	42.97	4.77	8.63
Share of services in total employment (%)	1952	83.54	7.39		9.07
	1978	70.53	17.30		12.18
	1984	64.05	19.90		16.06
	1992	58.50	21.70		19.80
	2001	50.00	22.30		27.70
	2009	38.09	27.80		34.11

Please take note of the following: According to China's statistical classification, the tertiary industry is approximately equivalent to service industry except that the latter also covers services for agriculture, forestry, animal husbandry, and fishing which are included in the primary industry. We will use the terms tertiary industry and service industry interchangeablyⁿ. Source: Author's calculation based on the CEIC database.