XIAMEN - Consumption services is the top industry attracting equity investment in China and is expected to dominate the financing market for many years to come, according to an industrial report.
The investment volume in the consumption services sector reached about $16.9 billion through 395 deals in the first half of 2016, accounting for 71 percent of total investment during the period, according to a report released by Dow Jones and China Association of Private Equity during the ongoing 19th China International Fair for Investment & Trade.
The sector has become a magnet for investors as its volume share in total investment rose from 21 percent in 2006 to 71 percent in 2016 H1.
In contrast, information technology has lost its appeal, with its volume share in total investment dropping from 25 percent in 2006 to seven percent in 2016 H1.
Consumption has become a key driver of China's economic growth and accounted for 73.4 percent of total GDP in the first six months of this year.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
