AI Data Insight

China's nominal urban per capita disposable income grew by 4.4% year-on-year in the second quarter of 2026, up slightly from 4.2% in the first quarter. Although wages and net business income provided support for overall growth, net property income edged up merely 1.1%, reflecting persistently weak returns from the real estate and capital markets. Against the backdrop of Q2 GDP growth slowing to 4.3%, repairing household balance sheets and boosting consumer confidence remain the top priorities for policymakers.

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