AI Data Insight
China's cumulative year-on-year growth rate for the Services Production Index from January to August 2026 was 4.7%, flat compared to the previous month, showing signs of bottoming out and stabilizing. Although new growth drivers such as information and modern services maintain high prosperity, the overall sector is constrained by sluggish retail consumption growth. The market widely expects that counter-cyclical policies are urgently needed to strengthen support in the future.