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China's service output up 5.4 pct in 2025

China

China

China

China's service output up 5.4 pct in 2025

2026-01-19 16:37 Last Updated At:01-20 00:11

China's service sector showed steady, strong growth through 2025, with value-added service output expanding 5.4 percent year on year, data from the National Bureau of Statistics (NBS) showed Monday.

Kang Yi, head of the NBS, told a press conference that the sound development of the service sector over the past year was driven by modern, tech-focused areas such as IT, software, and digital services, alongside robust spending in transportation, retail, and accommodation.

"The value added of the service sector went up by 5.4 percent over the previous year. Specifically, the value added of information transmission, software and IT services, leasing and business services, transport, storage and postal services, wholesales and retails, and accommodation and catering grew by 11.1 percent, 10.3 percent, 5.2 percent, 5.0 percent and 4.9 percent, respectively," said Kang.

Data also showed that multiple industries experienced high levels of business activity in December, including telecommunications, broadcasting and satellite transmission, the monetary and financial services, as well as capital market services sectors.

"In December, the Business Activity Index for Services was 49.7 percent, 0.2 percentage points higher than that of the previous month. The Business Activity Expectation Index for Services was 56.4 percent, up by 0.5 percentage points," said Kang.

In December, the Index of Services Production went up by 5.0 percent year on year. Specifically, that of information transmission, software and IT service, leasing and business services, and finance grew by 14.8 percent, 11.3 percent and 6.5 percent, respectively.

In the first eleven months, the business revenue of service enterprises above the designated size grew by 7.8 percent year on year.

China's service output up 5.4 pct in 2025

China's service output up 5.4 pct in 2025

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U.S. dollar ticks up

 

The U.S. dollar increased in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, went up 0.21 percent to 98.596 at 3 p.m. (1900 GMT).

In late New York trading, the euro lost to 1.1711 dollars from 1.1726 dollars in the previous session, and the British pound rose to 1.3510 dollars from 1.3482 dollars in the previous session.

The U.S. dollar bought 159.45 Japanese yen, lower than 159.59 Japanese yen of the previous session. The U.S. dollar added to 0.7842 Swiss francs from 0.7821 Swiss francs, and it dropped to 1.3666 Canadian dollars from 1.3673 Canadian dollars. The U.S. dollar advanced to 9.2063 Swedish kronor from 9.1997 Swedish kronor.

U.S. dollar ticks up

U.S. dollar ticks up

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