2026 China's Mid-Year Economic Report: Consumption's Dual Engine of Goods and Services Drives Sustained Growth

Deep News
Yesterday

Reviewing China's first half of 2026 economic performance, a series of figures vividly illustrate the consumer market's dynamic landscape. The total retail sales of consumer goods and services increased by 2.7% year-on-year, while the retail sales of services alone grew by 5.3%. Final consumption expenditure contributed 2.1 percentage points to GDP growth.

The service consumption sector has shown strong momentum, with goods consumption also expanding in both quality and volume. Emerging consumer growth points are demonstrating visible vitality. The role of consumption as the primary driver of economic growth is becoming increasingly pronounced.

This report was produced by Zhao Gang, reported by Yang Yanan and Jin Yuxi, with design by Zhang Zhuoyue and Sun Mengying, and expert review by Wang Xiuli. The content was edited by Han Rui.

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