Description
The tertiary industry data in China's Gross Domestic Product (GDP) is released by the National Bureau of Statistics (NBS) of China. This indicator measures the economic output of the tertiary industry, which is the service industry (including retail, transportation, finance, real estate and other service industries, etc.). It is an important indicator for assessing the health and growth trend of China's service industry. Higher tertiary industry GDP figures indicate stronger economic activity and growth; lower figures may mean economic slowdown or stagnation.