Ministry of Commerce: In the first three quarters, the role of consumption as the "main engine" continued to be consolidated, with "goods + services" consumption developing in parallel.

Zhitong Finance APP has learned that on October 23, the head of the Department of Consumer Promotion of the Ministry of Commerce discussed China's consumer market conditions in the first three quarters of 2026. In the first three quarters, the role of consumption as the "main engine" continued to be consolidated, and the advantages of the super-large-scale market became increasingly prominent. "Goods + services" consumption developed with equal emphasis and maintained good growth momentum. In the first three quarters, total retail sales of consumer goods grew by 1.1%, achieving steady growth despite the high base in the same period last year. Demand for green, smart, and health-related consumption was strong, with obvious characteristics of moving toward new and improving trends.