China Consumer Market Cools as Services Outpace Goods
China retail sales rose 2.5% in Jan-Aug 2026, but August growth slowed to 0.4% as spending shifts from goods to services.
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China retail sales rose 2.5% in Jan-Aug 2026, but August growth slowed to 0.4% as spending shifts from goods to services.
China's August data show resilient industry and exports but weak consumption and a 7.2% investment slump, exposing a widening supply-demand gap.
US retail sales fell 0.6% in July, the biggest drop in over a year, as tax-refund spending faded and gas prices rose amid Iran war tensions.
July inflation cooled to 3.4% but retail sales fell 0.6%, the biggest drop in over a year, as American households pull back on spending.
China's first national consumption plan targets 60 trillion yuan in retail sales by 2030, adding 10 trillion yuan over five years.
China's trade-in program generated 1.1 trillion yuan in H1 2026, down 31% from last year, as stimulus fatigue sets in and retail sales contract.
China injects $9.2 billion in trade-in subsidies as May retail sales fall 0.6%—the first contraction since 2023—signaling stimulus campaign exhaustion.
China injects $9.2 billion in new consumer subsidies as May retail sales post first decline since 2022, signaling challenges for domestic demand.
China's retail sales fell 0.6% in May, the first decline since 2022, as consumer spending weakens and property woes deepen, signaling economic pressure.