Huang Wentao, chief economist of CITIC Construction Securities and co-head of the Research and Development Department, said at the “Finance” Annual Conference 2026: Forecast and Strategy and the 2025 Global Wealth Management Forum that China's consumption is currently showing a certain sluggish trend. The reason for this includes both aggregate factors and structural issues. He believes that as per capita disposable income rises and related policies continue to increase, these are all phased challenges in the development process. In the future, it is expected that further efforts will be made to push consumption out of the trough through policies, thus contributing more to macroeconomic stability.

Huang Wentao, chief economist of CITIC Construction Securities and co-head of the Research and Development Department, said at the “Finance” Annual Conference 2026: Forecast and Strategy and the 2025 Global Wealth Management Forum that China's consumption is currently showing a certain sluggish trend. The reason for this includes both aggregate factors and structural issues. He believes that as per capita disposable income rises and related policies continue to increase, these are all phased challenges in the development process. In the future, it is expected that further efforts will be made to push consumption out of the trough through policies, thus contributing more to macroeconomic stability.