Consumption

China's Consumption Engine Revs Up: Services Retail Jumps 5.3% in H1 2026 China's total retail sales of consumer goods and services grew 2.7% year-on-year in H1 2026, with the services sector delivering an especially

Beijing — China's consumer trade-in program has crossed a major milestone in 2026, with cumulative sales of subsidized goods surpassing 1 trillion yuan and more than 136 million consumers participating, official data show. A Powerful Consumption Engine According to