Service Economy

Vigorously promoted the priority development of service industries, optimizing the development, the main engine role of the services sector in the Hangzhou Economic Development was more prominent. In 2011, the added value of service indusrry was 345.358 billion yuan, up by 11.0 percent, higher than the GDP growth rate by 0.9 percentage points. The proportion of service indusfry in GDP was imporved from 48.7% to 49.3%. Hangzhou improved the proportion of producer services industries. The growth and the total amount maintained double lead. the added value of producer services was 152.973 billion yuan, increased by 13.4 percent. accounting for 21.8 percent of GDP, the proportion increased 0.9 percentage points . By the end of 2011, Hangzhou has more than 20 national services industry pilot bases such as the national modern service industry base, the national high-tech service industry base, the National Electronic Information Industry Base. and the Hangzhou national software industry base, etc. They became the important support of the service industry innovation and development in Hangzhou.

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