From BigGo Finance · BigGo Finance · · 1m 10s
China's Consumption Growth Boosts Economic Engine
China's consumption now drives 46.7% of economic growth, up from 46.0% in first half of 2026.
In brief
China's consumption now drives 46.7% of economic growth, up from 46.0% in first half of 2026. China's consumption contributed 46.7% to economic growth in first three quarters of 2026, up 0.7 percentage points from first half. Originally reported by BigGo Finance.
China's consumption growth
China's consumption contribution to economic growth rises to 46.7% in first three quarters.
“China's consumption contribution to economic growth rises to 46.7% in first three quarters”
Consumption growth rate
Final consumption expenditure contributed 46.7% to economic growth, up 0.7 percentage points from first half.
“Final consumption expenditure contributed 46.7% to economic growth, up 0.7 percentage points from the first half”
GDP growth impact
Driving GDP growth by 2.1 percentage points, consumption remains top economic driver.
“Driving GDP growth by 2.1 percentage points”
Retail sales performance
Total retail sales of consumer goods and services rose 2.6% year on year.
“Total retail sales of consumer goods and services rose 2.6% year on year”
Services vs goods consumption
Retail sales of services grew 5.0%, 4 percentage points faster than goods.
“Retail sales of services grew 5.0%, 4 percentage points faster than retail sales of goods”
Per capita spending
Per capita consumer spending reached 22,000 yuan (approximately $3,300), up 2.7% in real terms.
“Per capita consumer spending was 22,000 yuan (approximately $3,300), up 2.7% in real terms”
New consumption trends
Smart glasses sales grew 1.1-fold, exoskeleton devices rose 46.4%, robots 22.6%.
“Smart glasses sales grew 1.1-fold, exoskeleton assist devices rose 46.4%, embodied intelligent robots rose 22.6%”
New energy vehicles
New energy passenger vehicles reached 67.0% retail penetration rate in September.
“New energy passenger vehicles reached 67.0% retail penetration rate in September”
At a glance
China's consumption contributed 46.7% to economic growth in first three quarters of 2026, up 0.7 percentage points from first half.
