Chengdu injects 600 billion yuan to push its services sector past 2 trillion yuan by 2030
MacroIndustry
Chengdu, in Sichuan Province, has announced a five-year strategy for developing its services sector, aiming to lift average value-added growth in services to more than 5 percent a year and push the sector's total size past 2 trillion yuan by 2030, in a bid to become a model city for services-sector development nationwide. In 2025, value added in Chengdu's services sector expanded to more than 1.7 trillion yuan, accounting for nearly 70 percent of the entire economy and contributing more than 70 percent of economic growth. The share of producer services has grown for four consecutive years, most recently climbing to 52.8 percent. At the heart of the strategy is the AI+ concept, linking artificial intelligence with producer services, with a goal of developing at least 10 platforms each worth 100 billion yuan or more in economic value. Chengdu has set out a 4+4+3+N development framework, involving investment in nearly 500 projects with total funding of more than 600 billion yuan, along with plans to develop 46 additional emerging subsectors with high potential. The Chengdu office of the Department of International Trade Promotion sees the policy as an opportunity for Thai entrepreneurs, especially in wellness, spa, medical aesthetics and food businesses, and recommends strategies of turning products into experiences and using Chengdu as a strategic gateway into China's western interior market.
