China’s Service Sector and the 14thFYP: Trends, Breakthroughs andPolicy Outlook

China’s service sector has developed a lot in the 13th Five-Year Plan period,and is positioned to upgrade on all fronts in the new era. In the 14th Five-Year Plan period,China’s service sector boasts huge potentials and is expected to maintain steady growth. By2025, the service sector is expected to account for 59.05% of total value added, 54.96% ofemployment, 60.51% of fixed asset investment, and 50.04% of consumption. Service laborproductivity will rise from 143,400 yuan/person in 2019 to 178,400 yuan/person by 2025.It can thus be concluded that in the 14th Five-Year Plan period, China’s service sectorwill play a dominant role in the economy and head toward higher quality development. Toachieve this goal, we must allow for the decisive role of the market and the fundamentalrole of the government, and open up new prospects in development of the service sector withrespect to digilitalization, platform-based operations, smart technology, integration, andstandardization.

China Service Sector Growth on Track

Service sector growth nearly unchanged in April China Service Sector Tracker(CSST),based on high-frequency data,has been tracking China’s monthly tertiary industry growth since January2010.The headline tracker moderated at8.1%y/y in April from 8.2%y/y in March(Figure 1).We track value-added growth in five key sub-sectors of the tertiary industry,based on the structure of the official tertiary GDP.The

FDI in Hi-tech Service Sector and Hi-tech Manufacturing Increased

China’s foreign trade from January to July According to the Customs statistics,China’s total import and export in January-July reached RMB 13.21trillion,down 3%year on year.Among these,the export was RMB 7.6 trillion,down 1.6%;the import RMB 5.61trillion,down 4.8%.The surplus was RMB 1.99 trillion,up 8.7%.(In

Managerial Behaviors of Executive Women in India’s Service Sector

Numerous studies are emphasizing the importance of managerial behavior amongst executives in the management.Research,particularly on managerial behavior of women in executive management,is relatively underexplored.These managerial behaviors are classified into three functional domains:a task,relationship,and strategy-oriented in organizations.Little attention is paid to these managerial behaviors and skills observed amongst executive women in India’s women’s banking and finance sectors.The present study addresses this under-examined inquiry area concerning three managerial behaviors among India’s women executives.Twenty-five executive women in the banking and finance service sectors were interviewed.Moreover,fifty team members reporting to these executive women were surveyed.Findings indicate that executive women were adopting task and relationship-oriented behaviors.The third domain of strategy-oriented managerial behavior is least reported amongst executive women in the service sector organizations.These strategic change behaviors are exhibited at a minimal.In conclusion,the theoretical and practice implications of effective managerial practices in the service organization are discussed.

The Scope of China's Service Sectors Permitting Foreign Participation

Finance It is permitted to establish Sino-foreign joint-venture financial companies, wholly foreign-owned financial companies, and Sino-foreign joint-venture banks, provided that both sides in the joint venture are financial institutions, and the foreign side has a representative office in China.

Re-Evaluation of China＇s Service Trade Competitiveness： A Global Value Chain Perspective

Based on the World Input-Output Database(WIOD), this paper conducts a forward-linkage decomposition of value-added in trade to estimate China's service value-added exports and its service sector's international competitiveness during 2000-2014. Result indicates that during the sample period, China's service exports measured by forward-linkage decomposition method accounted for around 35% in its total export. While the value of services exported directly through the service sector accounted for a falling share, the value of services exported through other sectors represented an increasing share. China ranks second in the world in terms of market share of service exports. However, the revealed comparative advantage(RCA) of China's service exports and export sophistication remains limited.

A great leap forward:how to choose strategies and policies to promote the Chinese service industry

The development level of the service industry is an important indicator to measure the level of economic and social development and the optimization of the economic structure.As the status of the service industry in the Chinese economy is increasing,it is playing a more important role in boosting economic growth,promoting employment and adjusting the economic structure.China is facing an unprecedented opportunity to develop its service industry.There is vast potential for the future development of producer services,consumer services,and new service industries.Development of a modern service industry should be oriented toward strategies to foster industrial convergence and industrial clustering,boosting creativity and openness.The authorities need to abolish over-regulations on finance,taxation,investment,land and talents,facilitating the development of service industry.

A CASE FOR SERVICE SYSTEMS ENGINEERING

A case is made for further developing a branch of systems engineering that focuses on problems and issues which arise in the service sector. We promulgate this special focus not only because of the size and importance of the service sector but also because of the unique opportunities that systems engineering can exploit in the design and joint production and delivery of services. We begin by considering the economic, technological and demographic contexts within which the service sector has flourished; we then address both services, especially emerging services, and systems engineering, followed by a discussion of how to advance the field of service systems engineering, and concluding with several remarks. In particular, a number of service systems engineering methods are identified to enhance the design and production/delivery of services, especially taking advantage of the unique features that characterize services - namely, services, especially emerging services, are information-driven, customer-centric, e-oriented, and productivity-focused.

Major problems with service industry development in China and suggestions for the thirteenth five-year plan

This paper analyzes the roots and nature of problems in China’s service industry development.Given the background of a changing environment for the service industry,the author raises several policy suggestions for growing the industry during the 13th five-year plan period:encouraging a strategy that shifts priority from manufacturing industry to the service industry;strenthening research on strategy,plan and policy about the development of service industry;providing stronger policy support for clustering in the service industry;and actively implementing pilot and demonstration projects for institutional and systemic reform of the service industry,and strengthening human resource training and development to firm up industrial foundation.

SYSTEMS METHODOLOGY AND MATHEMATICAL MODELS FOR KNOWLEDGE MANAGEMENT

This paper first introduces a new discipline knowledge science and the role of systems science in its development. Then, after the discussion on current trend in systems science, the paper proposes a new systems methodology for knowledge management and creation. Finally, the paper discusses mathematical modeling techniques to represent and manage human knowledge that is essentially vague and context-dependent.

Is the Chinese Economy Moving in the Direction of Tertiarization?

Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China ＇s economy and evaluates the common factors driving current trends. It shows that the tertiarization trend is evident for the overall economy and most regions in terms of the service nominal value-added ratio and service employment and consumption. However, the tertiarization trend is not significant in terms of the service real value-added ratio, and there is even some concurrent ＂detertiarization ＂ because of the decreasing proportion of services in imports and exports. lndeed, China ＇s tertiarization trend is far behind its industrialization trend The rise in the relative prices of services explains the rising proportion of household service consumption expenditure and further illuminates why the service real value-added ratio has not grown. The main cause for the growing percentage of service employment is the lag in service labor productivity growth in interaction with the price inelasticity of service demand ＂Cost disease ＂ has appeared in service consumption.

Temperature and environmental degradation:an international evidence

Introduction:The effects of temperature have largely been under-examined in climate change studies.This study examines both direct and indirect effects of temperature on environmental degradation using the sample of 103 middle-income countries from 1985 to 2019.Unlike previous studies in which a single equation approach is utilized,our study considers the simultaneous equations modelling to examine the energy-growth-environment nexus incorporating temperature and corruption.The difference and system generalized method of moments estimations for panel data are used.Outcomes:Empirical results from this paper confirm both the direct and indirect effects(via energy consumption)of temperature on environmental degradation.We find corruption harms economic growth in middle-income countries.The continued use of fossil fuel energy in energy consumption deteriorates environmental quality.Our findings confirm the critical role of the services sector in supporting economic growth and reducing emerging consumption,leading to increased environmental quality.Conclusion:Findings from our study reconfirm the vital role of renewable energy and its extended use in achieving dual objectives of supporting economic growth and improving the environmental quality in middle-income countries.