The modern service industry is born out of the development of information technology and the knowledge economy. With the help of modern science and technology and management concepts, it is driving the professional development of producer services and their movement towards the higher end of the value chain. It is also promoting the high-quality advancement and diversification of the life-service industry, as well as strengthening economic activities that have arisen from basic public-welfare services, which feature high technology, talent capital and value-added. The industry specifically comprises eight major categories, namely information transmission, software and information-technology services; scientific research and technology services; finance; modern logistics; modern business and trade; modern life services; modern public services; and integrated development. The service industry has come to dominate China’s national economy and has become a major driver of China’s economy.