Wang Yiming: Four Major Opportunities for Economic Development in 2026

Wang Yiming, Vice Chairman of the China International Economic Exchange Center, stated that in 2026, the economic development will face four major opportunities: first, China will launch a series of layouts in industrial development, technological innovation, infrastructure construction, especially in the construction of new infrastructure and public services; second, China has complete advantages in the industrial chain and talent resources; third, more proactive macroeconomic policies will be implemented, and the gradual advancement of local debt will improve the spending capacity of local governments, which is conducive to the implementation of national macroeconomic policies. Furthermore, the Fed's interest rate cut provides some space for monetary policy; fourth, the balance sheets of microeconomic entities are improving, and the high-tech sector has accumulated certain wealth effects, which is beneficial for improving the balance sheets of residents and enterprises. Wang Yiming believes that in terms of expanding domestic demand, the focus should be on developing service consumption and providing differentiated supply. At the same time, efforts should be made to continue stabilizing the real estate market and stabilizing expectations.