Group 1 - The National Development and Reform Commission (NDRC) plans to formulate an implementation plan for the expansion of domestic demand from 2026 to 2030, focusing on creating new demand through new supply and providing strong innovation measures and factor guarantees [1] - Recent policies include a large-scale equipment renewal and trade-in policy set to be implemented in 2026, covering categories such as home appliances and digital smart products, with subsidies for purchasing new energy vehicles and fuel vehicles [1] - The current economic situation shows a strong need to expand domestic demand, with final consumption expenditure expected to contribute 52.0% to GDP growth by 2025, highlighting the importance of supply-side innovation to stimulate potential demand [1] Group 2 - The Chinese consumer market is maintaining stable expansion under policy support, with service consumption and new business models becoming important growth points [2] - Future predictions indicate that the contribution of consumption to GDP will continue to increase, with retail sales growth expected to reach 4.5% in 2026 [2] - In the A-share market, sectors such as green and smart consumer goods (e.g., new energy vehicles, AI terminals) and service consumption (e.g., cultural tourism, elderly care) are expected to see both performance and valuation improvements [2]
扩大内需战略实施方案即将出台，大消费相关行业直接受益
Jin Rong Jie·2026-01-21 01:27