Group 1 - The service industry in China experienced rapid growth in 2025, with a notable contribution to national economic growth, achieving a value-added of 808,879 billion yuan, a 5.4% increase from the previous year [1] - The contribution rate of the service industry to national economic growth reached 61.4%, an increase of 3.7 percentage points year-on-year, and it contributed 3.0 percentage points to GDP growth, up by 0.1 percentage points [1] - The proportion of service industry value-added in GDP rose to 57.7%, an increase of 0.9 percentage points from the previous year [1] Group 2 - Service consumption expanded steadily, with service retail sales increasing by 5.5%, outpacing the growth rate of goods retail sales by 1.7 percentage points [2] - Modern service industries such as information technology, business services, and finance showed robust growth, with value-added in information transmission, software, and IT services growing by 11.1% and business services by 10.3% [2] - Strategic emerging service industries and high-tech service industries saw revenue growth of 9.9% and 8.6% respectively from January to November 2025 [2] Group 3 - The overall business activity index for the service industry averaged 50.1% in 2025, indicating continued expansion, with certain sectors like postal, telecommunications, and financial services maintaining indices above 55.0% [3]

Core Insights - Hainan's provincial secretary Feng Fei met with leaders from prominent private enterprises to discuss the high-quality development of Hainan's free trade port [1] Group 1: Government Initiatives - The meeting focused on leveraging Hainan's free trade port policies to enhance international cooperation in supply chains and industrial chains [1] - There was an emphasis on expanding high-level openness in the service industry [1] Group 2: Industry Development - Discussions included the application of new technologies, products, and scenarios to promote industrial development [1] - The integration of industrial development with ecological protection was highlighted as a key area of focus [1]