Services consumption grows rapidly
CHINA’S consumption of services in sectors including tourism, culture and sports registered fast growth in H1, according to the National Development and Reform Commission.
In the first half, service consumption in tourism, culture, sports, elderly care, and housekeeping accounted for 40 percent of total household consumption, according to Liu Yunan, an NDRC official.
China’s tourism market continued to expand, with domestic tourism revenue rising 12.5 percent year on year in H1.
Both investment and consumption in the culture industry showed good performance in H1. Fixed asset investment in the culture industry climbed 17.5 percent from a year earlier, while China’s box office sales went up 17.8 percent year on year.
With an aging population, demand for elderly care services has been on the rise. By June, the number of elderly care institutions and facilities reached 156,000, with over 7 million beds and more than 700,000 workers.
Sports, a sector with great potential in China, also saw marked growth, said Ou Xiaoli, another NDRC official.
Ou forecasts that by the end of 2018, the added value of the sports industry will contribute to over 1 percent of China’s GDP, contributing to nearly a trillion yuan (US$146 billion) in consumption and creating over 4.4 million jobs.
China is seeking to transition from an economy reliant on investment and exports of low-value-added goods to a consumption, service-driven one.
In H1, retail sales expanded 9.4 percent year on year to reach 18 trillion yuan, with final consumption expenditure contributing 78.5 percent to economic growth.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.