# services
Latest news and articles about services
Total: 3 articles found
China’s Consumer Prices Spike After Lunar New Year as Producer Inflation Continues to Recover
February’s data show China’s consumer prices rose sharply month‑on‑month after the Lunar New Year while producer‑price declines continued to narrow. The bounce is concentrated in services and selective industrial sectors, reflecting a seasonal consumption burst and policy‑driven improvements in supply and demand conditions.
China’s February PMI Signals Holiday Lull and Uneven Recovery: Big Firms and High‑Tech Hold Up While SMEs Slip
February’s PMI data show a modest slowdown in China’s economic activity: manufacturing PMI slipped to 49.0% while non‑manufacturing activity edged up to 49.5%, leaving the composite index at 49.5%. Large and high‑tech firms are expanding, but small and medium enterprises and parts of the services sector remain weak, highlighting an uneven recovery amplified by the Lunar New Year holiday.
Beijing Joins Shanghai as China’s Second City to Top Rmb5 Trillion — A New Service‑Led Model Emerges
Beijing’s 2025 GDP reached Rmb5.21 trillion (about USD740 billion), making it the second Chinese city after Shanghai to cross the Rmb5 trillion threshold. The milestone reflects a service‑and‑innovation‑led growth model achieved under a policy of “reduced‑scale development,” positioning Beijing as a global economic actor comparable to many medium‑sized countries while presenting new strategic tradeoffs in openness, livability and high‑level transformation.