Evaluation of the sci-tech service industry based on Factor Analysis - a demonstration study of 30 provinces in China

This paper attempts to establish an evaluation index system for the sci-tech service industry, and utilizes Factor Analysis to analyze the competitiveness of sci-tech service industry of 30 provinces in China. By using Factor Analysis, this paper extracts three common factors and tries to explain and define them, then ranks the 30 provinces in China according to the score each common factor and comprehensive evaluation. According to the result, we can get the conclusions that the sci-tech service industry of Heilongjiang Province needs to develop and improve. Finally, some countermeasures are put forward to encourage and develop the sci-tech service industry of Heilongjiang Province.