Core Viewpoint - The service industry in China has shown robust growth in the first half of the year, contributing significantly to the national economy, with new business models and consumption patterns emerging as key drivers [1][2][8]. Group 1: Service Industry Growth - The added value of the service industry reached 39,031.4 billion yuan, growing by 5.5% year-on-year, accounting for 59.1% of GDP, an increase of 0.7 percentage points compared to the previous year [1][2]. - The contribution rate of the service industry to economic growth was 60.2%, up by 5.8 percentage points from the same period last year, with a GDP growth contribution of 3.2 percentage points [2]. - In the second quarter, the added value of the service industry was 19,517.2 billion yuan, with a year-on-year growth of 5.7%, accelerating by 0.4 percentage points compared to the first quarter [2]. Group 2: Consumer Spending and New Business Models - Service retail sales increased by 5.3% year-on-year, outpacing the growth of goods retail sales by 0.2 percentage points, while per capita service consumption expenditure rose by 4.9% [2]. - New business models such as instant retail and live e-commerce have shown strong development, with online retail sales growing by 8.5% year-on-year [2]. - Cultural and tourism consumption has become a significant growth point, with tourism services and cultural sports services seeing transaction growth of 31.9% and 7.4% respectively [3]. Group 3: Emerging Technologies and High-tech Services - Innovations in cutting-edge fields like artificial intelligence and quantum communication have spurred rapid growth in modern service industries, with information transmission and software services growing by 11.1% and 9.6% respectively [4][5]. - High-tech service industries saw a fixed asset investment increase of 8.6%, with information services experiencing a remarkable 37.4% growth in investment [5]. Group 4: Service Industry Expansion and Foreign Trade - The service industry business activity index remained above the critical point, averaging 50.2, indicating ongoing expansion and positive market expectations [6][7]. - Service trade imports and exports totaled 32,543.6 billion yuan, growing by 7.7%, with significant growth in service outsourcing execution amounts [7]. - By the end of June, the number of countries eligible for the 240-hour visa-free transit policy expanded to 55, facilitating cross-border movement [7].