A worker operating on an automated production line in a manufacturing company in Shanxi Province, China, July 11, 2026.
China's gross domestic product (GDP) grew 4.7% year on year in the first half of 2026, reaching 69.57 trillion yuan ($10.28 trillion), data from the National Bureau of Statistics showed on Wednesday.
The country's key economic indicators have shown solid performance, with new growth drivers expanding quickly, signalling sustained resilience of the economy.
In the first six months of 2026, the value-added industrial output of China's industrial enterprises above designated size, enterprises with annual revenue of at least 20 million yuan, grew by 5.4%. Notably, the value-added industrial output of equipment manufacturing and high-tech manufacturing climbed 9.3% and 13.3%, respectively.
Retail sales of goods and services, a key gauge of the country's consumption strength, expanded 2.7% year on year. Total retail sales of consumer goods came in at 24.87 trillion yuan during the January-June period. Meanwhile, the service sector also expanded, with output increasing 5.2%.
