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Service sector becomes main driver of China’s economy

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Highlights from landmark Hainan consumer products expo

Copyright 1994 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested…

China records 5% GDP growth in Q1 2026

China’s gross domestic product expanded by 5 percent to reach 33.42 trillion yuan in the first quarter of 2026, the National Bureau of Statistics said on Thursday. China’s value-added industrial output, an important economic indicator, rose 6.1 percent year-on-year in the first quarter, the bureau said. China’s retail sales increased 2.4 percent year-on-year in the…

China’s factory-gate prices return to growth after 41-month decline

China’s factory-gate prices returned to growth in March, posting their first increase after 41 consecutive months of decline, while consumer inflation remained mild, official data showed on Friday. China’s producer price index, which measures factory-gate prices, turned positive in March, rising 0.5 percent year-on-year after falling 0.9 percent in February, according to the National Bureau…

China’s CPI up 1% in March

China’s consumer price index, a main gauge of inflation, rose 1 percent year-on-year in March, data from the National Bureau of Statistics showed on Friday. The core CPI, which excludes food and energy prices, increased 1.1 percent year-on-year, the data revealed. On a month-on-month basis, CPI fell 0.7 percent in March. Friday’s data also showed…

China sees steady growth of key service sectors in 2025

In 2025, China’s key service sectors maintained overall steady growth. The value-added of China’s tertiary industry in its GDP reached 57.7 percent, and the service sector’s contribution rate to national economic growth stood at 61.4 percent. During the 15th Five-Year Plan period (2026–30), the scale of China’s service sector is expected to exceed 100 trillion…

A look at China’s economic data for Jan-Feb

Copyright 1994 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested…

China’s industrial profits accelerate at start of 2026

China’s industrial profits grew at a faster pace in the opening months of the year, official data showed on Friday, as enterprises navigate a more favorable environment created by new government macroeconomic policies. China’s industrial enterprises with an annual revenue of at least 20 million yuan ($2.89 million) saw their total profits jumped 15.2 percent…

China’s retail sales grow 2.8% in Jan-Feb period

BEIJING — China’s retail sales of consumer goods went up 2.8 percent year-on-year in the first two months of 2026, data from the National Bureau of Statistics (NBS) showed Monday. The pace was 1.9 percentage points faster than the growth recorded in December 2025. The total retail sales of consumer goods reached 8.61 trillion yuan…

China’s foreign trade up 18.3% in first two months

BEIJING — China’s foreign trade has posted a robust start to the year, with the total value of trade in goods recording double-digit growth, surging 18.3 percent year-on-year in the January-February period, latest official data showed. Data released Tuesday by the General Administration of Customs (GAC) revealed that total goods trade value had reached 7.73…