National Bureau of Statistics: China's economic structure continues to optimize; in the first three quarters, domestic demand contributed more than 70% to economic growth.

Zhitong Finance APP has learned that on October 19, the State Council Information Office held a press conference to introduce the national economic performance in the first three quarters of 2026. Mao Shengyong, spokesperson and deputy director of the National Bureau of Statistics, said that since the beginning of this year, China has accelerated the building of a modern industrial system and accelerated the continuation and transformation of old and new growth drivers. The Chinese economy has maintained a development momentum of moving toward new and better development amid a complex environment, and new results have been achieved in high-quality development. It was mentioned that the economic structure continued to optimize. In the first three quarters, domestic demand played a leading role, contributing more than 70% to economic growth, of which final consumption expenditure contributed nearly 50%. The added value of manufacturing accounted for 25.7% of GDP, an increase of 0.6 percentage points over the same period last year, and the foundation of the real economy is still being further consolidated. Producer services developed at a faster pace, and their supporting role in the transformation and upgrading of manufacturing has been continuously strengthened. Modern services maintained good development momentum, and their added value as a share of total GDP has also been continuously rising.