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With the development of economy and society, the shortcomings of traditional industries have become increasingly prominent and the world needs to change the traditional development model to find a more reasonable way, so the emerging service industry came into being. Emerging services have different effects in different areas, and the impact is also gradually increased. In this paper, the new service industry is under the macro background of the modern economy field and explores the relationship between emerging service industry and the urban modern economic development. There are three aspects: First, the advantages of urban emerging services compared with the traditional industries; Second, the role of city emerging service industry on promoting the modern economy; Third, the significance of city emerging service industry on modern economic development. And we concluded that the emerging service industry has an irreplaceable role and significance on the modern economic development, it is the new road to promote the city's modern economic development.

Research on the New Way to Promote the Development of Urban Modern Economy - The Development of New Service Industry