China’s Summer Spending Boom Highlights Surging Service Consumption
China’s summer spending boom in tourism, entertainment, and sports showcases the potential of service consumption and its contribution to the nation’s economic growth.
Service Consumption
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Service Consumption Drives China’s Economic Growth in First Half of 2024
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.