China’s August economy shows "three stables, two fasts" as trade surges 19.8%

  • China’s National Bureau of Statistics described August economic performance as "three stables, two fasts."
  • 19.8% year-on-year growth was recorded in August goods imports and exports.
  • Real estate transactions stabilized as new-home sales fell and second-hand contracts increased.

China’s economy maintained stable overall performance in August 2026, with the National Bureau of Statistics describing the month through "three stables, two fasts": steady production, employment and prices, alongside rapid expansion in emerging industries and trade. Consumer prices rose 0.8% year on year and producer prices increased 3.8%. High-tech manufacturing and digital product manufacturing grew 16.7% and 15.7%, respectively, while new growth drivers contributed more than 60% of above-scale industrial output. Total goods imports and exports increased 19.8%, supported by global industrial demand, expanding domestic demand and policies encouraging imports. Real estate transaction volumes also showed signs of stabilization, with new commercial housing sales area down 12.1% in January-August and second-hand housing online contract signings up 10.6%.

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