Marshall Mills, the International Monetary Fund's chief representative in China, recently said that China's service consumption has been growing strongly, and the IMF believes there is still considerable room for expansion in this area. This is also an expected trend as the income level of the economy rises. Mills said that the IMF is happy to see the Chinese government focus its policies on expanding domestic demand, especially consumption and service consumption. Mills believes that judging from the total economy, there is considerable potential for growth in the size of China's service sector and the level of service consumption. In the future, the service industry support measures already in place should be accelerated, including lowering barriers to the service industry, building a unified national market, and creating a level playing field. This will release new demand, and digitalization and artificial intelligence are also expected to further improve service industry productivity.

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