Wu Fuxiang: Enhancing the Ability of Global Market Allocation of Service Industry

Release time:2018-10-29Author: Wu Fuxiang

In order to fully implement the spirit of the 19th National Congress of the Communist Party of China, the State Council pointed out that strong basic scientific research is the cornerstone of building a world scientific and technological power. Climbing the global value chain, especially the development of producer services and the implementation of the strategy of science and education talents, is an important way for Jiangsu to improve the global market allocation ability and enhance the structure and level of the service industry.Around the world, the use of service industries to enhance the ability of global market allocation emerged in the late 1970s. The main reasons include the rapid development of higher education as well as the international trade. The prerequisite for discussing how Jiangsu's service industry can improve its global market allocation capability lies in how to develop the manufacturing industry. At present, under the background of the decline in foreign investment, Jiangsu's local private economy and state-owned economy will be the primary reliance for the future development of producer services in Jiangsu.In order to improve the ability of global market allocation of service industry in Jiangsu Province, the first thing is to form a number of modern service industry clusters with high-end business services as the leading industry, the second is to expand and strengthen the regional headquarters economy with high-end services as the focus, and the third is to build the urban agglomeration ecosystem of intelligent manufacturing and intelligent creation.