- CNTV English - CCTV News

ABAC gather to discuss service industry dev't

02-16-2011 14:11 BJT

Watch Video

Play Video

Asia has long been a hub for manufacturing, but it's increasingly looking to the services sector. Business leaders of the Asia-Pacific Economic Cooperation are gathering in Guangzhou to discuss the development of the services industry in the region. The event is also expected to prepare topics for APEC leaders in Hawaii later this year.

The first meeting of the APEC Business Advisory Council this year brings together business leaders, economists and scholars from 21 APEC members. The five-day event focuses on the development of services industry and economic growth in the region. Participants also discuss China's service industry during the twelfth Five-Year plan period.

Business leaders of the Asia-Pacific Economic Cooperation are gathering
in Guangzhou to discuss the development of the services industry in
the region.

Ba Shusong, Deputy Director-General of Inst. of Finance Studies, Dev't Research Center said "China's manufacturing sector is shifting to the central and western regions. This has created huge opportunities to develop the service industry and upgrade the industrial structure in key cities like Guangzhou. While international competitions are mainly among industry clusters and city clusters, developing the Pearl River Delta region as a whole is also a good way to participate in global competitions."

Participants also suggest Guangzhou attract more high-end talents to increase its competitive edge.

Business leaders are also calling for more exchange and cooperation in the services sector within the Asia-Pacific region.

The APEC Business Advisory Council holds four meetings annually to provide business circles a platform to participate in APEC.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program