Today, at the 2025 China Insurance Dingfeng 50-Person Forum, CITIC Construction Investment's chief policy analyst Hu Yuwei predicted that in 2026, the consumption growth rate will show a steady and continuous upward trend, and the driving effect on economic growth will increase significantly. First, with the steady growth of the economy and the stabilization of the job market, and the expected growth of residents' disposable income under the “Urban and Rural Residents' Income Growth Plan”, the expansion of middle-income groups will drive structural upgrading of service and quality consumption, and the government will continue to introduce policies to encourage consumption to jointly create a favorable consumption environment; third, the continuous improvement of social security systems such as medical care and pension will effectively reduce residents' desire to save preventatively, thus releasing more immediate spending capacity.

Today, at the 2025 China Insurance Dingfeng 50-Person Forum, CITIC Construction Investment's chief policy analyst Hu Yuwei predicted that in 2026, the consumption growth rate will show a steady and continuous upward trend, and the driving effect on economic growth will increase significantly. First, with the steady growth of the economy and the stabilization of the job market, and the expected growth of residents' disposable income under the “Urban and Rural Residents' Income Growth Plan”, the expansion of middle-income groups will drive structural upgrading of service and quality consumption, and the government will continue to introduce policies to encourage consumption to jointly create a favorable consumption environment; third, the continuous improvement of social security systems such as medical care and pension will effectively reduce residents' desire to save preventatively, thus releasing more immediate spending capacity.