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2026-11-01T07:35:32.110Z

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China's Consumption Shift

China's Consumption Shift

China’s new consumption trends point to a structural shift from buying goods to spending on services and experiences, such as travel, culture and healthcare, alongside higher-quality, green and smart goods. In the first three quarters of 2026, retail sales of goods and services rose 2.6% year on year, while service sales increased 5%. Domestic consumption accounted for about half of economic growth, adding 2.1 percentage points to GDP growth. These trends reflect the economy’s shift toward new drivers of consumption, but reviving household spending, strengthening confidence and improving service quality remain ongoing challenges.

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