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China retail sales rise 2.5%
Data from the Chinese National Bureau of Statistics reveals that retail sales in China increased by 2.5% during the first eight months of 2026, with service sales rising by 4.9% year-on-year, reflecting strong domestic consumption. The total sales of goods and services reached 32.76 trillion yuan (approximately $4.84 trillion), with e-commerce sales growing by 4.6% to 13.48 trillion yuan. In August alone, retail sales amounted to 3.98 trillion yuan, representing a 0.4% increase compared to the same period last year.
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