The Important Impetus of Modern Service Industry on Economic Development

Detailed analysis has been carried out on the current condition and developing trends of modern service industry in China,with comparative studies on the increasing portion of modern service industry in the Third Industry around the world,resulting as the important impetus of economies.Prerequisites and constraints on the emergence of modern service industry were depicted.The significance and functions of modern service industry on regional economies were also illustrated,followed by important measurements proposed for promoting modern service industry.