Liu Zhibiao and Wang Bing: Modern Productive Service Industry is the New Power Industry

Release time:2025-10-27Author: Liu Zhibiao and Wang Bing

During the 15th Five Year Plan period, it is necessary to re-examine the characteristics and economic attributes of the productive service industry, and establish its priority strategic position. This is not only an inevitable requirement for China's transformation towards high-quality development, but also conducive to strengthening China's control over the governance of the global industrial chain and value chain.


The modern productive service industry is the base of the iceberg in industrial technological competition, forming the invisible infrastructure that determines the final result of the future industrial competition. Its development competition is the essence of global future industrial technological competition.


During the 15th Five Year Plan period, accelerating the development of modern productive service industry requires us to pay attention to the following five points.

1. At the national strategic and policy level, it is necessary to deepen the understanding of the strategic position and real economic attribute of the productive service industry.

2. We should deepen market-oriented reform, eliminate the triple constraints of administrative monopoly, factor mismatch, and insufficient opening-up in the field of productive service industry.

3. We should strengthen the support function of productive service industry for the international competitiveness of China's manufacturing industry.

4. The implementation of industrial policy reform should focus on supporting the development of upstream productive service industry led by technological innovation.

5. We should establish a new statistical monitoring system that is conducive to promoting the development of productive service industry, and accurately identify the contribution of productive service industry to economic growth.