# services sector
Latest news and articles about services sector
Total: 2 articles found
China’s Inflation Tick-Up: Lunar New Year Travel and Services Push CPI to Three-Year High
China’s CPI rose 1.3% year-on-year in February — the highest pace in three years — driven largely by a Lunar New Year-fuelled jump in services and a rebound in food prices. Core inflation was 1.3% for January–February, indicating strengthening underlying demand even as officials stress ample supply and manageable risks.
Beijing Draws Up Plan to Lift Household Incomes as Consumption Becomes China’s Growth Bedrock
China’s NDRC is preparing a package of measures to boost urban and rural household incomes and shore up consumption, pairing immediate demand support—such as trade‑in subsidies and job stabilisation—with investment, service‑sector expansion, and reforms to spur private participation. The moves respond to data showing consumption is now a leading driver of growth even as officials warn of a supply‑demand imbalance.