AI Data Insight
In the third quarter of 2026, the cumulative per capita consumption expenditure of urban residents in China reached 27,311.78 yuan, an increase of approximately 9,240 yuan from the previous quarter, representing a cumulative nominal year-on-year growth of about 3.02%. Although the overall Q3 GDP growth of 4.5% beat market expectations, a strong export boom has masked weak domestic demand, and consumer confidence still awaits further policy stimulus.