Core Viewpoint - The report from CITIC Securities indicates that despite external environmental changes and internal structural adjustments, China's macro economy is expected to maintain a steady recovery in 2026, supported by policy measures. Group 1: Economic Trends - Trend 1: Domestic demand recovery is anticipated to drive overall growth [1] - Trend 2: Investment is expected to shift from total pressure to structural optimization [1] - Trend 3: Sino-US relations are likely to ease, with no significant escalation of major frictions expected in 2026 [1] Group 2: Market Outlook - Trend 4: The acceleration of market diversification is projected, with external demand prospects in 2026 expected to be better than in 2025 [1] - Trend 5: As the first year of the 14th Five-Year Plan, it is expected that counter-cyclical and cross-cyclical adjustments will be strengthened [1]
中信证券:展望2026年中国宏观经济五大趋势