In late 2025, an official from the Office of the Central Committee for Financial and Economic Affairs told Xinhua that expanding domestic demand will be China's top economic priority in 2026. With consumption already contributing 71% of growth in the first three quarters of 2025, Beijing is gearing up to keep the momentum.
Here's what to watch for:
- 💰 Boosting spending power: Plans include income growth schemes for urban and rural residents, more full-time jobs, and higher basic pensions to keep people's wallets happy.
- 🛍️ Next-level shopping scenes: Expect a push for high-quality goods, fresh consumption zones like housekeeping services and wellness tourism, and a 'Buying in China' brand to reel in inbound shoppers.
- 🏗️ Smart investment moves: The government will lean on central budget funds, ultra-long-term special bonds, and local bonds to drive major projects.
- 🚀 Private sector vibes: New policies will nudge private firms into big-ticket areas like railways, nuclear power, high-tech, and services, sparking fresh growth.
Why it matters for you: Across Asia, more investment in tech, tourism, and services could mean cooler gigs, more digital shopping deals, and new startup vibes. Stay tuned! 🌏✨
Reference(s):
Expanding domestic demand is a top priority in 2026: Chinese official
cgtn.com
