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China's offline consumption continued to heat up in July, with consumer payment amounts increasing by 2.2% year-on-year.
2026-08-08 source:CCTV News

The latest leading indicators released by the National Information Center of the National Development and Reform Commission show that in July, my country's offline consumption continued to heat up, driving the coordinated improvement of commodity consumption and service consumption.

The amount of consumer payments in July increased by 2.2% year-on-year, and the growth rate accelerated by 0.8 percentage points from the previous month.The business vitality of small and medium-sized merchants has steadily increased, and the physical business vitality index reflecting the operating conditions of small and medium-sized merchants increased by 3.1% from the previous month.Both the physical merchant business health index and the offline consumer vitality index increased month-on-month.

The production heat index of industrial parks is generally stable.

In addition, data from the National Information Center of the National Development and Reform Commission also showed that the production heat index of industrial parks increased by 1.0% year-on-year in July, and the operation was generally stable.

In July, the number of patent authorizations related to strategic emerging industries increased by 10.7% year-on-year, of which the number of patent authorizations related to artificial intelligence increased by 60% year-on-year, and the growth rate was 21.7 percentage points higher than in June. Research and development of cutting-edge technologies are entering the "fast lane."

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