AI Data Insight
In the third quarter of 2026, the contribution rate of China's final consumption expenditure to GDP reached 47.9%, a moderate increase from 45.2% in the previous quarter. Driven by the "trade-in" policy and the release of service consumption, coupled with strong exports, overall economic growth in Q3 reached 4.5%, beating market consensus. However, the consumption recovery shows a K-shaped divergence, and overall domestic demand still faces structural challenges from the property market downturn.