China's services trade saw a sizeable boost as it grew nearly 16 percent last year.
The company that Arnaud Sebban works for has been designing and building warehouses in China for 17 years. The Shanghai-based company has already expanded its warehouse services to many other cities including Tianjin and Guangzhou. Sebban says they ended up with four-fold growth last year continuing investment in logistics infrastructure.
"To be frank, a lot of competitors face a very difficult time in 2013, because of a slow down in investment from Europe and the U.S.. We mananged to pass through this crisis, thanks many to the huge investment that arises in China in the logistics sector. So we see a very good future in this field for the next five years," said Sebban, Business Development Director at GSE.
Authorities say that combined domestic and foreign investment in logistics warehouses reached 300 billion yuan in the first three quarters of last year in China, up nearly 40 percent year on year.
One analyst says structural improvement in many industries have become a main driver helping to grow the overall service trades market.
"With economic development and structural improvements in industry, industrial jobs are becoming more professional," said Prof. Qiang Yongchang at Fudan University. "In making electronic chips, for example, there are now many companies that provide wiring design services. They're everywhere and will design whatever you want. The more professional the jobs become, the greater the demand for such services will be."
China's Ministry of Commerce says that market passed the 500-billion-yuan mark the end of last year.
Source: CCTV
