It's a goal the government supports, according to its twelfth five-year plan (2011-2015), which calls for an increase in domestic consumption and growth of the service sector by four percentage points.

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In addition to focusing on education and clean energy, China is also seeking to shift from export-led growth to more domestic consumption supported by a growing service-sector economy.

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The report showed strengthening activities for construction and service sector, a good combination to aid domestic demand and current Chinese growth momentum.

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Figures for the U.K. published yesterday showed that the service sector, which accounts for 75.0% of the country's gross domestic product, declined sharply.

FORBES: Market Scan