
Service Consumption Key to China’s Economic Growth, Experts Say
China’s service consumption poised for growth with focus on healthcare, tourism, and mid-to-high-end services as per capita GDP rises, say economists.
News & Insights Across Asia
China’s service consumption poised for growth with focus on healthcare, tourism, and mid-to-high-end services as per capita GDP rises, say economists.
China’s debut economy gains momentum as cities leverage first-time consumer experiences to drive spending and economic recovery.
China’s retail sales grow 4% year-on-year, driven by rural recovery, tech demand, and policies prioritizing well-being. Upgraded goods lead structural market shifts.
Rising US tariffs contribute to inflation surge and falling consumer confidence, signaling economic strains as experts monitor global implications.
China’s smart home appliance market exceeds $100 billion as government initiatives drive consumer demand, reshaping lifestyles and economic growth.
China’s Commerce Minister highlights how ‘Ne Zha 2’ fueled cinema recovery and UNESCO-recognized Lunar New Year boosted tourism, driving economic growth.
The Chinese mainland animated film ‘Ne Zha 2’ achieves phenomenal success, leading to rapid sell-outs of a wide range of Ne Zha-themed merchandise.
China’s booming consumption market offers significant cooperation opportunities for countries worldwide, signaling economic recovery and growth.
Over 20 million Chinese consumers have taken advantage of electronic trade-in subsidies, driving significant growth in the electronics market and supporting economic momentum.
China’s 2025 Spring Festival holiday set new records in travel, dining, and consumption, marking the first celebration since its UNESCO Intangible Cultural Heritage recognition.