China has earned itself the reputation of being the world's manufacturing powerhouse. But when it comes to services sector, the country still has a lot of ground to cover. The current slowdown more than ever brings to fore this difference. Economic data released clearly points out that the manufacturing sector has slowed down. This does not augur well for an economy which largely relies on manufacturing and exports to drive growth. Had the services sector been strong, it would have been able to offset this. But that is not the case. As per an article in BusinessWeek, last year, services industries made up just 45% of GDP. This implies an upside of only four percentage points in the past decade. China is looking to increase this to 47% by 2015. But even that does not appear to be a sizeable number when compared to its peers. For emerging markets, on an average, the share of the tertiary sector is around 10 percentage points higher than that of China. For the US, services account for around 90% of the economy. All this only highlights the point that China still a lot of headway to make when it comes to establishing a robust services sector on par with that of manufacturing.