Beijing: China’s value-added service output rose by 5.4 percent year on year in the first three quarters of 2025, according to data released by the National Bureau of Statistics (NBS) on Monday. During this period, the service sector accounted for 58.4 percent of China’s gross domestic product, increasing by 0.8 percentage points compared to the previous year, and contributed 60.7 percent to the country’s economic growth.
According to Namibia Press Agency, the index measuring the country’s service industry output climbed by 5.6 percent year on year in September, showcasing sustained growth, as stated by Peng Yongtao, an official with the NBS. Peng noted that the modern service industry experienced significant expansion in the first three quarters, with the value-added output of information transmission, software, and IT service sectors rising by 11.2 percent, and leasing and business services expanding by 9.2 percent year on year.
A rise in demand for tourism and leisure activities supported strong growth in service consumption over the summer, Peng highlighted. Online travel service providers reported an increase of over 20 percent in their e-commerce transaction value during the first three quarters. Additionally, retail sales in the service sector grew by 5.2 percent year on year, surpassing the growth rate of goods retail sales by 0.6 percentage points.
Data further indicated that several industries experienced high levels of business activity in September, including postal services, telecommunications, broadcasting and satellite transmission, as well as the monetary and financial services sectors. Peng emphasized that the service sector showed stable operation and ongoing quality improvement in the first three quarters, despite challenges from a complex external environment and insufficient domestic demand.
Looking forward, efforts should focus on boosting the supply of high-quality services, cultivating new growth areas in the service sector, and enhancing the vitality of business entities to support the sector’s healthy development, Peng advised.