Chief economist of China Post Securities, Huang Fusheng: It will take 3-5 years to restore household wealth, and service consumption will be the blue ocean of the future.

At the 2026 Postal Financial Forum and China Post Securities Strategy Report held on December 3, Huang Fusheng, Vice President and Chief Economist of China Post Securities, pointed out that it will take 3-5 years to restore residents' wealth, and service consumption will become a blue ocean in the future, becoming one of the core driving forces of future consumption growth in China. Due to adjustments in asset prices such as real estate and equity, there is a large gap between residents' wealth in 2025 and the peak in 2021. With the bottoming out of real estate, the rise of the capital market, and the increase of residents' deposits, in an optimistic scenario, residents' wealth can be restored to the previous high level by 2028.