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Data released by China's National Bureau of Statistics on Friday showed strong retail growth of 4.6 percent in August compared to the year earlier, highlighting strong growth in services consumption and notably in both tourism and film industries. With nearly 1.9 billion domestic tourist trips taken and the box office raking in 20.6 billion yuan ($2.8 billion) for the summer period, service consumption is playing a key role in China's endogenous economic growth. In this episode of Bizbeat, CGTN's Lily Lyu explains.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466