Chief economist of S & P: China develops service industry has talent advantage

July 29 Morning News at the Institute of Finance of the Academy of Social Sciences and the China Forum of Standards and Poole, "The Future of global finance: Opportunities and Challenges for developing China", Davis, chief economist of the S & P, said that the government's participation in economic development was very effective at the initial stage, but that the economic development　　Chinese government's participation in China's economic development is fading, while China's development of services has the talent advantage. He believes that China's economic restructuring has begun, with the economic development, relying on government guidance appears to be inadequate and the role of limited, with the economic development, government functions will be weakened.　　However, he pointed out that China's economic development in the future depends more on domestic consumption, the development of service economy, rather than relying on the development of traditional industries. Referring to the service industry, he believes that the need for a higher education background, and China has a huge talent advantage, the proportion of Chinese university students and the total population is not high, but the base is large, so that can generate a strong pool of talent. (Super Yan from Beijing)