China Services* Industries Job Growth = Accelerating... Offsetting Job Losses from Construction / Manufacturing / Agriculture China Annual Employment Change by Sector, 1995 – 2015 30 Agriculture Construction, Mining & Manufacturing ) M 20 Services* M ( Net Overall Employment Gain nge ha C 10 nt e m oy pl 0 m E l nnua A -10 -20 Source: National Bureau of Statistics of China, Wind Information. *Note: Services include wholesale, retail, transportation, storage, communication, accommodation, catering, finance, education, real estate and other services. KPCB INTERNET TRENDS 2016 | PAGE Hillhouse Capital 163