Core Insights - The service industry in China has shown significant growth, contributing 60.7% to the national economic growth in the first three quarters of the year [1] - The value added by the service sector reached 592,955 billion yuan, with a year-on-year growth of 5.4% [1] - The service sector's share of GDP increased to 58.4%, up 0.8 percentage points from the previous year [1] Group 1: Service Industry Growth - The service industry has become increasingly important in the national economy, with rapid growth in service consumption driving a structural shift towards a service-oriented economy [1] - The information transmission, software, and IT services sector saw a year-on-year increase of 11.2%, with a production index of 12.8% in September [2] - High-tech service industry investments grew by 6.1%, with information service investment surging by 33.1% [2] Group 2: Consumer Trends and Service Upgrades - Service retail sales increased by 5.2%, outpacing goods retail growth by 0.6 percentage points, indicating a shift towards consumer preference for experiences and quality [3] - The tourism and performance sectors experienced significant growth, with e-commerce transactions for tourism services rising over 20% [3] - The service trade's import and export grew by 7.4%, with travel service exports skyrocketing by 57.6% [3] Group 3: International Confidence in Service Sector - The actual use of foreign capital in the service industry reached 366.19 billion yuan, accounting for over 70% of total foreign capital usage, reflecting strong international confidence [3] - The number of foreign visitors eligible for visa-free entry increased by 52.1%, indicating a growing interest in "China tours" [3] Group 4: Future Outlook - The service industry is expected to continue its stable operation and quality improvement, with the integration of more quality services and new technologies enhancing consumer experience [4]

Group 1 - The core viewpoint is that service consumption is rapidly growing in China, becoming a significant source of incremental resident consumption and an effective means to promote high-quality economic development [1] - In Jiangxi Province, service consumption sales revenue from January to April 2025 increased by 11.5% year-on-year, outpacing the growth of all industries in the province by 7.8 percentage points, indicating a positive contribution to economic structural transformation [1] - Traditional service consumption remains dominant, with household and family services and other life services showing sales revenue growth of 13.6% and 11.9% respectively, accounting for 13.3% and 58% of total service consumption in the province [1] Group 2 - The "Culture + Tourism" dual engine is enhancing market vitality, with tourist numbers and ticket revenue in Lushan Scenic Area increasing by 33.8% and 30.64% respectively, and in Longhushan Scenic Area by 22.3% and 20.6% [2] - The tourism and cultural consumption market is expanding, with sales revenue from tourism services growing by 8.3% and 31.7%, and cultural services increasing by 32.2% and 17.9% year-on-year [2] - The "Sports + Health" dual approach is strengthening consumption momentum, with sports facility services and competitions seeing sales revenue growth of 56.2% and 30.9% respectively, while health services and fitness activities grew by 17.2% and 26.4% [2] Group 3 - The tax authorities in Jiangxi Province plan to leverage big data to analyze economic operations, create integrated consumption scenarios, and stimulate market vitality through tax incentives and improved tax services [3]