Chief economist of CITIC Construction Securities, Huang Wentao: In the future, it is hoped that policies will further drive consumption out of the downturn.

Huang Wentao, Chief Economist and Co-head of Research and Development Department at CITIC Construction Securities, stated at the 2026 "Finance" Annual Conference: Predictions and Strategies, and the 2025 Global Wealth Management Forum that currently, Chinese consumption is showing a certain sluggish trend, which is caused by both overall factors and structural issues. With the increase of per capita disposable income and continuous policy reinforcement, these are all stage challenges in the development process. In the future, it is hoped that through further policy efforts, consumption will be pushed out of the trough, contributing more incrementally to macroeconomic stability.