Households ramp up spending on services
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Chinese consumers are opting to spend a growing portion of their income on services.
Per stats bureau (NBS) household expenditure data, services accounted for 44.5% of household consumption in H1 2025, up from 43.5% the previous year.
Why we care about service consumption: As China’s middle class ex...