Beijing makes serious push to drive consumption

China’s new five-year plan for 2026–2030 marks a decisive policy shift, placing domestic consumption and reform at the core of its growth strategy.

China’s new five-year plan for 2026 to 2030 sets the stage for a decisive shift in the country’s economic strategy — one that places domestic consumption and reform at the heart of policy and moves away from the long-standing reliance on infrastructure and property investment. Analysts say the latest plan, which places greater weight on reform than its predecessor, could mark a turning point in China’s growth model.

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