Service Consumption Fuels China’s Economic Transformation in 2024
Service consumption has become a major driver of China’s economic growth in 2024, contributing over 50% to GDP and fueling retail sales and higher quality consumer demand.
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China Boosts Service Consumption to Drive High-Quality Economic Growth
China is set to accelerate the development of consumer services to drive high-quality economic growth, focusing on sectors like hospitality, healthcare, and digital services.