AI Data Insight

Latest data shows that the output value of "Other Services" in China's tertiary industry dropped to 23.2 trillion RMB in the fourth quarter (full year) of 2024, a significant reduction from 30.5 trillion RMB in the same period of 2023. Although the overall economy maintained a growth of around 5%, the sharp decline in this sector highlights the profound impact of local fiscal tightening and domestic demand downgrading on non-mainstream service industries.

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