China retail sales rose 2.6% in first half

Retail sales of goods and services in China increased by 2.6 percent year-on-year during the first seven months of 2026, reaching 28.8 trillion yuan (approximately $4.24 trillion). Service sales grew by 5 percent, while merchandise sales rose by 1.1 percent. Online retail sales also saw a 4.8 percent increase, with online sales of goods and services rising by 4.6 and 5.2 percent respectively, reflecting an improvement in the country’s consumer economy.

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