Comparative advantage refers to the fact that a country can produce a product with lower opportunity cost than another product and thus can focus on products and export products with even lower opportunity cost to participate in the international division of labor.
In the first half of 2013, the pace of China's economic growth slowed down, but remained within the expected range.
Over the past three decades, the Chinese economy has witnessed an average annual growth of 9.8%, 6 percentage points higher than global growth in the same period.
The financial industry is deemed as a "contract-intensive industry".
The rapid development of the service industry has been a major trend in the global economic structural adjustment, and China could take this opportunity to make a breakthrough for the transformation of its growth momentum and its economic upgrading.
Logistic industry has become a pillar industry of the national economy and an important modern service industry after over thirty year's development.
Chemical pharmaceutical industry is an important integral part of China's medical industry and it accounts for about half of the total output value of China's medical industry.
In China, the number of small and medium-sized enterprises (SMEs) accounts for 99% of the total number of enterprises, providing more than 80% of urban job opportunities and contributing about 60% of China's GDP.