China: GDP (YoY) - Tertiary Industry

Macro

2026-07-16

Description

-

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update

AI Data Insight

According to system-provided data, China's secondary industry GDP growth reached 5.1% YoY in Q2 2026, slowing slightly from the previous 5.2%. However, it should be noted that external official data indicates 5.1% is actually the growth rate of the tertiary industry, while the official figure for the secondary industry is 3.0%. Although high-tech manufacturing performed strongly due to AI and export dividends, property market weakness still caused a sharp contraction in the construction sector. The market is now focused on the Politburo meeting at the end of the month, expecting authorities to further step up counter-cyclical adjustment policies.

AI Data Insight

According to system-provided data, China's secondary industry GDP growth reached 5.1% YoY in Q2 2026, slowing slightly from the previous 5.2%. However, it should be noted that external official data indicates 5.1% is actually the growth rate of the tertiary industry, while the official figure for the secondary industry is 3.0%. Although high-tech manufacturing performed strongly due to AI and export dividends, property market weakness still caused a sharp contraction in the construction sector. The market is now focused on the Politburo meeting at the end of the month, expecting authorities to further step up counter-cyclical adjustment policies.

Description

-

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update