上海十五五规划解读之一:新型消费扩内需
GUOTAI HAITONG SECURITIES·2026-01-19 07:34

Group 1: Economic Development Focus - Consumption is positioned as the core of Shanghai's economic development for the next five years[5] - The construction of an international consumption center is the primary goal in the "15th Five-Year Plan" for Shanghai[6] - Shanghai's development may serve as a model for other regions in transforming their economic growth strategies[5] Group 2: Key Initiatives for Consumption - The plan emphasizes a combination of demand-side consumption enhancement and supply-side structural reforms[6] - Shanghai aims to optimize the consumption environment targeting inbound, senior, and youth demographics[7] - The focus will be on developing new consumption types such as smart consumption, emotional consumption, and experiential consumption[8] Group 3: Risks and Considerations - There are inherent risks in the capital market and potential uncertainties in future policies[9]

上海十五五规划解读之一:新型消费扩内需 - Reportify