China's retail sales of goods and services increase by 2.7% in the first half of the year

China experienced a 2.7% increase in retail sales of goods and services during the first half of 2026, according to official data. The report showed a 5.3% growth in service sales and a 1.1% rise in goods sales. Total sales of consumer goods, including tangible goods and food services, amounted to 24.87 trillion yuan (approximately $3.66 trillion USD), representing a 1.3% year-on-year increase. Additionally, sales in rural areas grew by 2.5%, while urban areas saw a 1.2% growth.

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