China Turns to Services as Goods Consumption Loses Momentum

China is recalibrating its economic strategy as weak demand for goods limits the effectiveness of traditional consumption stimulus, prompting policymakers to place greater emphasis on services as a new growth driver. With households already well supplied with durable goods and confidence still fragile,

China’s consumer prices remain flat in 2025 as policymakers confront price wars and weak demand

China’s consumer prices showed little movement throughout 2025, highlighting the continued challenge facing policymakers as they try to revive domestic demand while curbing destructive price competition across key industries. Official data released by the National Bureau of Statistics showed that the consumer price