Services sector drives 66.1% of China's H1 growth

China experienced robust growth in the service sector during the first half of 2026, contributing 66.1% to the national economic growth, an increase of 5.9 percentage points compared to the same period last year. The Business Climate Expectations Index for the services sector remained above 55% for five consecutive months starting in April, reflecting ongoing positive momentum supported by supportive policies, increasing market confidence, and consumer spending. Additionally, the added value of the services sector in 2025 surpassed 80 trillion yuan (equivalent to $11.87 trillion), accounting for 57.7% of the gross domestic product. Efforts are underway to expand and enhance the quality of the sector through government-supported plans and targets.

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