China's economic playbook is getting a major update, and services are stealing the spotlight! 🌐 Tsinghua University's Bai Chong-en, dean of the School of Economics and Management, just dropped a game-changer: Household spending is set to surge through service industries—think travel, tech, healthcare, and beyond. ✈️💻
While manufacturing will stay 'better and stronger,' Bai argues it’s time to supercharge the services sector. 🏗️➡️🎯 'We can’t rely too much on manufacturing investments anymore,' he said, comparing services to the economy’s new rocket fuel. For young entrepreneurs and investors eyeing Asia, this signals fresh opportunities in everything from AI-driven apps to sustainable tourism. 🌱💼
'Making services bigger isn’t optional—it’s essential for sustainable growth.' — Bai Chong-en
Translation for Gen Z? China’s future vibes are all about streaming, wellness trends, and next-gen experiences. 🎧🧘♂️ Stay tuned!
