Visitors try electric wheelchairs during the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare Shanghai 2026 in Shanghai on June 4. LIU XIN/FOR CHINA DAILY
While the service industry has already been an important growth engine for Shanghai, it is expected to play a bigger role in the next few years as the city responds to changes in consumption patterns and embraces the surge of new technologies, said officials and experts.
Their comments came as the city released its 15th Five-Year Plan (2026-30) for the service industry on June 1.
As a major economic pillar in Shanghai, the service industry saw its added value reach 4.5 trillion yuan ($664.65 billion) last year, accounting for 79.3 percent of the city's GDP. According to the new plan, the service industry should evolve into a resilient economic foundation with higher capacity as well as a centerpiece connecting more global resources.
The target average annual growth rate of value added in the service industry is at least 5.5 percent by 2030, with labor productivity exceeding 450,000 yuan per capita.
