AI Data Insight
In Q2 2026, China's real per capita consumption expenditure grew by 2.7% YoY, a slight rebound from the previous 2.6%, ending the slowing trend observed since late last year. However, the recovery was primarily driven by rural residents. Institutions point out that the contradiction of "strong supply and weak demand" and uncertain employment expectations remain key factors suppressing domestic demand. Future momentum will highly depend on policy support and substantial improvements in income.