AI Data Insight
China's national per capita nominal consumption expenditure for Q2 2026 reached a year-on-year growth rate of 3.7%, showing a slight rebound from the previous 3.6%. Although rural consumption resilience marginally outperforms urban areas, and June retail sales data showed initial signs of stabilizing, overall consumption momentum remains constrained by the housing market downturn and employment pressure. The government recently issued the "15th Five-Year Plan for Expanding Consumption," attempting to use service consumption upgrades as a new breakthrough point to stabilize growth.