On the afternoon of July 20, a press conference on Beijing's economic performance in the first half of 2026 was held. The Beijing Municipal Bureau of Statistics and the Beijing Survey Team of the National Bureau of Statistics presented Beijing's economic report card for the first half of the year. In the consumer sector, wearable smart devices and high-efficiency household appliances are popular. Retail sales of traditional fuel vehicles have declined a lot, and consumption is showing a trend of conversion between old and new kinetic energy. In the first half of the year, the city's total market consumption increased 1.7% year on year. Among them, service consumption increased by 4.5%, driven by the fields of information and transportation; total retail sales of social consumer goods reached 658.78 billion yuan, a decrease of 2.2%. Of the total retail sales of social consumer goods, according to consumption pattern, retail sales of goods amounted to 595.47 billion yuan, a decrease of 2.4%; food and beverage revenue was 63.31 billion yuan, an increase of 0.4%. Looking at product categories, in the wholesale and retail industry above the limit, retail sales of gold and silver jewelry products increased by 21.4%; sales of green smart products were good, retail sales of NEV products increased by 5.2%, retail sales of traditional fuel vehicles dropped a lot, and retail sales of wearable smart devices, high-energy efficiency household appliances, and audio and video equipment all increased by more than 60%.
Zhitongcaijing · 2d ago
Share
Listen to the news
On the afternoon of July 20, a press conference on Beijing's economic performance in the first half of 2026 was held. The Beijing Municipal Bureau of Statistics and the Beijing Survey Team of the National Bureau of Statistics presented Beijing's economic report card for the first half of the year. In the consumer sector, wearable smart devices and high-efficiency household appliances are popular. Retail sales of traditional fuel vehicles have declined a lot, and consumption is showing a trend of conversion between old and new kinetic energy. In the first half of the year, the city's total market consumption increased 1.7% year on year. Among them, service consumption increased by 4.5%, driven by the fields of information and transportation; total retail sales of social consumer goods reached 658.78 billion yuan, a decrease of 2.2%. Of the total retail sales of social consumer goods, according to consumption pattern, retail sales of goods amounted to 595.47 billion yuan, a decrease of 2.4%; food and beverage revenue was 63.31 billion yuan, an increase of 0.4%. Looking at product categories, in the wholesale and retail industry above the limit, retail sales of gold and silver jewelry products increased by 21.4%; sales of green smart products were good, retail sales of NEV products increased by 5.2%, retail sales of traditional fuel vehicles dropped a lot, and retail sales of wearable smart devices, high-energy efficiency household appliances, and audio and video equipment all increased by more than 60%.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending