
China’s 2025 Consumption Upgrade Fuels Demand Expansion
The Chinese mainland’s 2025 consumption upgrade boosts domestic demand via service sector opening, real estate stabilization, robust exports and targeted policy reforms.
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The Chinese mainland’s 2025 consumption upgrade boosts domestic demand via service sector opening, real estate stabilization, robust exports and targeted policy reforms.
The Chinese mainland expands its service sector opening-up pilot to nine more cities, aiming to boost innovation and attract international firms.
The State Council Information Office held a press conference to unveil a new work plan for accelerating the comprehensive pilot program for the service sector opening-up.
Chinese mainland’s annual trade in services surpassed $1 trillion in 2024, driven by tech advancements, green development, and relaxed visa policies boosting tourism.
China’s service sector significantly bolsters the global economy, thanks to its strong industry foundation and skilled workforce, says Wang Shichuan.
Christopher Pissarides, 2010 Nobel laureate, highlights China’s service sector as a key driver for job creation and economic growth in a recent CGTN interview.