China's Economy Expands 4.7% Year-on-Year in First Half of 2026, Key Data Released

Official data released on Wednesday shows China's economy grew 4.7% year-on-year in the first half of 2026.

Preliminary calculations indicate the gross domestic product reached 69.57 trillion yuan for the period.

Breaking down by industry, the primary sector's added value was 3.15 trillion yuan, a 3.7% increase.

The secondary sector's added value was 25.05 trillion yuan, rising 3.9%, while the tertiary sector's added value was 41.37 trillion yuan, up 5.2%.

On a quarterly basis, GDP grew 5.0% year-on-year in the first quarter and 4.3% in the second quarter.

Quarter-on-quarter, the economy expanded 0.9% in the second quarter.

In the agricultural sector, the summer grain harvest saw increased output, livestock production grew steadily, and the added value of crop farming rose 3.6% year-on-year.

Industrial production grew at a relatively fast pace, with equipment manufacturing and high-tech manufacturing showing strong momentum.

The added value of industrial enterprises above a designated size increased 5.4% year-on-year in the first half.

The service sector grew steadily, with modern services developing favorably, posting a 5.2% increase in added value.

The consumer market continued to expand, with service retail sales growing rapidly.

Total retail sales of consumer goods and services rose 2.7% year-on-year in the first half, with service retail sales up 5.3% and goods retail sales up 1.1%.

Goods imports and exports grew rapidly, with the trade structure continuing to improve.

The total value of goods trade reached 25.47 trillion yuan in the first half, a year-on-year increase of 16.9%.