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Oct 31, 2005

Markets - China - GM calls to develop service sector

Beijing,China -Business Report/Johannesburg,S.Africa/AFP -Oct 31, 2005: -- The top executive of automaker General Motors on Sunday called for China and its economic capital Shanghai to improve its relatively underdeveloped service sector... The sector represents slightly more than one third of China's gross domestic product... China's situation contrasts with that in other developing countries. In India the service sector accounts for 51 percent of GDP and in Mexico it is 71 percent compared with China's 32 percent... But in China the industrial sector contributes more than half of GDP, against 26 percent in Mexico and 21 percent in India...

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