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China's consumption boomed during the May Day holiday, with sales revenue in consumer-related sectors rising 14.3% year-on-year, according to VAT data from the State Taxation Administration. Tourism and entertainment revenue grew 21.2%, cultural and sports services jumped over 42%, and catering sales increased 31.4%. Health-related services rose 40.1%, while sales of cosmetics, gold and jewelry surged over 55%.
The 2025 China International Fair for Trade in Services (CIFTIS) was held in Beijing from September 10 to 14, featuring numerous technological products showcased across exhibition halls. An intelligent store manager accurately responded to customer needs, AI digital employees efficiently processed orders, and embodied intelligent delivery robots navigated through the exhibition booths.
China will introduce a "1+N" policy package to stabilize foreign investment, according to the Ministry of Commerce of the People's Republic of China. Foreign-funded firms contribute nearly 7% of urban jobs, one-seventh of tax revenue, and one-third of foreign trade. By the end of 2024, over 1.239 million foreign-invested enterprises had been established in China with $2.9 trillion in cumulative investment.
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