Skip to Content Facebook Feature Image

China's non-manufacturing sector sees rapid expansion in August

China

China

China

China's non-manufacturing sector sees rapid expansion in August

2025-08-31 16:48 Last Updated At:17:07

China's non-manufacturing sector saw rapid expansion in August, with the service industry's prosperity level has rebounded significantly, according to data released by the National Bureau of Statistics and China Federation of Logistics and Purchasing on Sunday.

The Business Activity Index of China's non-manufacturing industry stood at 50.3 percent in August, up 0.2 percentage points from previous month, maintaining above 50 percent for multiple consecutive months, showing a steady growth of the country's non-manufacturing industry.

Among which, the business activity index of the service industry was 50.5 percent, up 0.5 percentage points from the previous month, reaching a high for the year.

"Driven by summer holiday consumption and supported by the policies of promoting large-scale equipment upgrades and consumer goods trade-ins, various consumer-related sector indices have maintained an expansionary trend," said He Hui, vice president of China Federation of Logistics and Purchasing.

Specifically, the business activity indices for capital market services, railway transport, air transport, telecommunications, radio and television, and satellite transmission services all remained in the high prosperity range of above 60 percent, indicating rapid growth in total business volume, according to the data.

The civil engineering construction industry continued to stay in the expansion zone, demonstrating that infrastructure-related activities maintained a relatively strong growth momentum, the data showed.

China's non-manufacturing sector sees rapid expansion in August

China's non-manufacturing sector sees rapid expansion in August

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

Recommended Articles