罗兰贝格戴璞：中国经济新的增长引擎正加速运转

Core Insights - The core viewpoint of the articles is that China's new growth engines are accelerating, focusing on advanced manufacturing, green technology, digital transformation, artificial intelligence, and high-value-added services as key drivers for the economy in 2026 and beyond [1][2]. Economic Growth Drivers - In terms of consumption, from January to November, the total retail sales of consumer goods increased by 4% year-on-year, surpassing the growth rate for the entire year of 2024 [1]. - Although investment data showed a decline in the first three quarters, this does not indicate a reduction in investment scale but rather a fundamental shift in investment direction towards more precision, discipline, and patience [1]. - Exports are expected to remain a significant stabilizer for China's economy in 2025, contributing substantial growth momentum, with the global South markets identified as crucial for sustainable export growth [1]. Future Outlook - Looking ahead to 2026 and beyond, China is positioned not only as a large consumer market but also as a source of innovation and a benchmark for competitiveness [1]. - The achievements of "Made in China" and "Designed in China" are anticipated to enhance the global competitiveness of multinational companies [1]. Regional Supply Chain Dynamics - China continues to serve as an important bridge for multinational companies entering the Asian market, with Chinese enterprises accelerating their regional layout [2]. - The Chinese supply chain is evolving into an Asia-centric model led by Chinese enterprises, emphasizing the need for improved production efficiency, increased product value, and a focus on quality upgrades as core elements of the new development model [2].