A surge in summer holiday travel and the growing demand for high-quality services helped push China's consumer prices higher in August, with the consumer price index (CPI) rising 0.8 percent year on year, experts said Wednesday following the release of key economic data.
The National Bureau of Statistics reported that the CPI in August increase accelerated by 0.3 percentage points from July, with both consumer goods and service prices rising 0.8 percent.
"Since the beginning of this year, new domestic consumption scenarios in areas such as cultural tourism have become increasingly diverse. In particular, during the summer peak season in August, residents' travel demand was released intensively, driving up prices for tourism services, hotel accommodations, and related sectors. In addition, as residents' demand for high-quality service consumption continues to grow, prices for household services such as housekeeping have also risen," said Liu Nancun, an economist at the Analysis and Forecasting Division of the Price Monitoring Center of the National Development and Reform Commission.
On a month-on-month basis, the national CPI turned from a 0.1 percent decline in the previous month to a 0.4 percent increase. This was mainly driven by rising international crude oil prices, which led to higher domestic refined oil product prices and pushed up transportation fuel costs. In addition, driven by factors such as the rapidly growing demand for computing power, prices of products including tablet computers, computers, and mobile phones also rose.
Summer travel, service demand push August CPI higher in China
Summer travel, service demand push August CPI higher in China
Norwegian companies hope to use Norway's status as a guest of honor country at the just-opened China International Fair for Trade in Services (CIFTIS) to showcase their products and deepen more concrete cooperation outcomes, said a Norwegian diplomat. Henning Kristoffersen, Commercial Counselor at the Norwegian Embassy in China, was speaking ahead of the start of the 2026 CIFTIS, which got underway in Beijing on Wednesday.
As China's flagship services trade fair and a key gateway for foreign companies into the Chinese market, the five-day fair sees more than 1,800 companies participating offline, while many new technologies and new products are making their debuts.
Given its guest of honor label at the event, Norway has a sizable national pavilion which is focused on green energy, digital technology, healthy home products and high-end nutrition.
China remained one of Norway's most important trading partners in 2025, and bilateral economic and trade ties are continuously expanding beyond traditional commodity trade toward technology and service sectors.
Chinese new energy vehicles and electronic products are being exported to Norway, while Norwegian seafood, energy products and maritime technologies are entering the Chinese market, forming diversified and complementary trade cooperation.
In a recent interview with China Central Television (CCTV), Kristoffersen pointed to the importance of this trade relationship, particularly in the face of current global challenges.
"CIFTIS is very important because it's a great platform to exhibit their products and services for the Norwegian companies. But I would also like to say that that particularly in these times where you have a lot of global trade tensions, it becomes even more important that China keeps opening up their market and gives us these opportunities to showcase our Norwegian services and products," he said.
Kristoffersen also highlighted how maritime industries are at the forefront of Norway's service trade, with non-financial enterprises achieving an export volume of approximately 151 billion Norwegian kroner (about 16.4 billion U.S. dollars) last year, solely from maritime and coastal transportation services.
Norway's industrial strength in shipping, engineering technology, ship classification certification and digital services through long-term development makes it a natural partner for China, which boasts a world-leading shipbuilding industrial system and a huge shipping market, laying a solid foundation for deeper bilateral cooperation based on respective strengths.
The Northern Lights project on Norway's west coast stands as one of Europe's representative cross-border carbon dioxide transportation and storage initiatives. The project transports industrially captured liquid carbon dioxide to Norway via purpose-built specialized vessels for subsea storage. Notably, the liquid CO2 carriers serving the project are built by Chinese shipyards, marking an exemplary case of industrial chain cooperation between China and Norway in the green energy sector.
"I think it says a lot, so I think there is also a beautiful opportunity in cooperation on research and development," Kristoffersen said.
From maritime shipping and subsea carbon storage to traditional energy collaboration and joint research on green technologies, the boundaries of service trade cooperation between China and Norway keep expanding, bringing broader prospects for bilateral exchanges.
"A great result for us is when Norwegian companies find Chinese partners and together succeed in the market. So that's what we hope for, concrete business for Chinese and Norwegian companies together," Kristoffersen said.
Norwegian companies hope CIFTIS platform can elevate trade with China: diplomat
