China's economy exhibited resilience and stability in the first four months of 2026, with steady growth across industrial production, services, and foreign trade. Industrial output increased by 5.6% year-on-year, while service sector production rose by 4.9%. Foreign trade surged by 14.9%, driven by high-tech and green product exports. Despite fluctuations in some indicators, the overall economic trend remained stable, supported by government policies and emerging industries like advanced manufacturing and green energy. Employment conditions also improved, with the urban unemployment rate dropping to 5.2% in April. ChinaNews+2
🏭 Industrial Performance
China's industrial sector maintained steady growth, with value-added output rising 5.6% year-on-year from January to April. Key drivers included:
- High-tech manufacturing growth at 12.8% in April, driven by AI and robotics
- Equipment manufacturing increased by 8.3%, contributing 74.5% to industrial growth
- Digital product manufacturing grew by 12%, reflecting integration of digital and real economies CCTV+2
🌍 Trade Expansion
Foreign trade surged 14.9% in the first four months, highlighting economic resilience:
- Growth driven by domestic demand and manufacturing upgrades
- High-tech and green products leading export expansion
- Equipment manufacturing accounted for 74.4% of industrial export delivery values CCTV+2
🔬 Innovation-Driven Growth
Emerging sectors continued to drive economic transformation:
- High-tech manufacturing leading industrial expansion with 12.8% growth
- Digital infrastructure investments maintaining momentum
- Focus on green industries supporting sustainable development CCTV+2
🛒 Domestic Consumption
Retail markets showed stability with gradual recovery:
- 1.9% growth in retail sales reflecting steady demand
- Government policies supporting market confidence
- Shift in consumer priorities amid economic restructuring ChinaNews+2
💼 Employment and Prices
Employment conditions improved, with stable prices and moderate inflation:
- Urban unemployment rate dropped to 5.2% in April
- Stable employment conditions reflecting economic resilience
- Moderate inflation supporting consumer purchasing power CCTV+2
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