China to boost production-oriented service industries

The move will help the sector to move up the value chain, and prompt integrative development of the country's tertiary, agriculture and industry sectors, the meeting said.

"The high-tech production-oriented service industries will accelerate the country's industrial upgrade and prompt 'Made in China' to evolve to 'Created in China'," Zhang said.

In addition, financial services for the manufacturing of construction equipment, delivery vehicles and production line will be promoted, while the country will encourage service outsourcing and the nurturing of high-end talents.

The central government will ease market access to attract social capital to the industries, encouraging Chinese enterprises of the sectors to invest overseas and lifting access restrictions gradually for foreign companies on architectural design, accounting audit and commercial logistics.

Enterprises of research and design, inspection and certification, and energy saving will be allowed tax breaks that have been enjoyed by high-tech companies.

According to the meeting, value-added tax will be promoted to the entire tertiary sector and favorable policies will be introduced to build a sound environment for companies in production-oriented service industries.

In addition, the country will continue to develop service industries concerning daily life, such as health, elderly care and information consumption, in a bid to improve people's well-being and build a new engine for healthy economic and social development.

A draft of the Food Safety Law was approved at the meeting, which requires full supervision, stricter punishment, accountability, increased risk monitoring and improved food safety standards.

The draft is still subject to deliberation of the Standing Committee of the National People's Congress, according to the meeting.

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