彭博：中国在明年的经济路线图中流露出对贸易的担忧

Investment Rating - The report indicates a positive investment rating for the industry, highlighting a rebound in exports and a trade surplus exceeding 1 trillion USD [10]. Core Insights - China's political bureau has prioritized boosting domestic demand as the primary goal for 2026, indicating a strategic shift towards internal consumption [10]. - Despite the growth in exports driving manufacturing development, the manufacturing sector in China is still experiencing a decline [10]. - The report outlines a moderate growth target of 5% for 2026, emphasizing a commitment to long-term progress [10].