China economic and trade performance

China has reported significant growth in its fiscal revenues and foreign trade during the first seven months of 2026. Fiscal revenues reached approximately 14.37 trillion yuan ($2.12 trillion), a 5.8% year-on-year increase. This growth was driven by a 6.7% rise in tax revenues and a 99.2% surge in stamp duty revenue from stock trading. Government expenditure also increased, with notable rises in spending for healthcare and social security.

In the trade sector, imports rose by 22% compared to the previous year. For the first time in history, imports for the first half of the year exceeded 100 trillion yuan. China has maintained a balance between supply and demand, with import growth exceeding export growth for five consecutive months. To support these activities, China has implemented zero tariffs on 63 countries, reducing its total tariff rate to 7.3 percent.

Recent developments further highlight these trade trends and domestic sector advancements. Beyond the sustained import growth, China is making strides in green computing, with over 160 data centers receiving high-level green status following improvements in energy efficiency. Additionally, to bolster food security, the China National Food and Strategic Reserves Administration noted that grain companies have purchased over 90 million tons of wheat. In provinces such as Hunan and Changsha, minimum purchase price policies are being utilized to stabilize the market and protect farmers.