中国经济 2026 展望- 关注差距-China Economics 2026 Outlook Mind the Gap

Vi e w p o i n t | 05 Jan 2026 17:00:48 ET │ 21 pages China Economics 2026 Outlook: Mind the Gap CITI'S TAKE 2025 witnessed a markedly positive shift in investor narrative on China. Most of the good news happened in the new economy and on the supply side, while the old economy and domestic demand continued to struggle. This K-shaped growth pattern, driving the apparent macro-micro disconnect, is becoming entrenched and self-reinforcing, in our view. We think it would take a big push to break the loop, but w ...