Economic Outlook - Multiple domestic and foreign institutions predict that China's economy will maintain a steady growth trajectory in 2026, supported by policy measures, structural upgrades, and the release of potential [1][3] - Morgan Stanley anticipates moderate growth in 2026 due to appropriate easing policies and gradual rebalancing, while UBS expects more precise policy support to enhance economic resilience [3] Policy Support - The "14th Five-Year Plan" is seen as a confidence booster for foreign institutions, indicating China's commitment to enhancing advanced manufacturing competitiveness and boosting exports [7] - Targeted support measures, such as energy cost subsidies for businesses and consumer incentives, are expected to play a crucial role in sustaining economic activity [7] Export and Manufacturing - China's manufacturing and export sectors are showing strong resilience, with exports remaining a core support for economic growth [8] - Analysts note that improvements in economic structure and technological advancements are lowering trade costs, stabilizing profit margins for export enterprises [9] Domestic Demand - The potential of the domestic market is accelerating, with various consumer promotion and livelihood policies expected to be key drivers for expanding domestic demand in 2026 [11] - The government has prioritized expanding consumption, which is viewed as a direction for high-quality growth not only for 2026 but for the next decade [13] New Consumption Trends - The rise of new consumption sectors is injecting fresh momentum into economic growth, with expectations for brands to gain more market recognition and expand internationally [15][17]
外资看好！中国产业发展新亮点频出 新消费崛起为经济增长注入新鲜动能
Yang Shi Wang·2025-11-23 04:00