AI Data Insight
The contribution rate of China's final consumption expenditure to GDP in the second quarter of 2026 further declined to 45.2%, lower than the 46.7% in the previous quarter, highlighting that domestic demand remains sluggish. Dragged down by the property downturn and insufficient consumer confidence, the overall economic growth rate in the second quarter only reached 4.3%, falling short of market expectations. Future policy focus will shift to the Politburo meeting in July, with the market watching to see if officials will step up and introduce a new round of stimulus policies to boost consumption.