AI Data Insight
The newly released nominal per capita consumption expenditure year-on-year growth rate for China in the third quarter of 2026 is 3.6%, a slight decrease of 0.1 percentage points from the previous quarter, highlighting that consumption momentum remains weak. Although the overall Q3 GDP, driven by strong exports, reached a better-than-expected 4.5%, domestic consumption and property market investment continued to drag down the broader market. The market expects that to achieve the annual economic target, authorities will inevitably have to roll out more stimulus policies targeting domestic demand in the fourth quarter.