Huang Wentao, Chief Economist of CITIC Construction Securities: It is expected that in the future, policies will be further implemented to boost consumption and get it out of a downturn.

Huang Wentao, Chief Economist and Co-Head of Research and Development at Citic Construction Securities, stated at the 2026 "Finance" Annual Meeting: Forecast and Strategy and the 2025 Global Wealth Management Forum that currently Chinese consumption is showing a certain downturn trend, which is attributed to both total factors and structural issues. He believes that with the increase in per capita disposable income and continuous policy reinforcement, these are all temporary challenges in the development process, and in the future, it is expected that through further policy efforts, consumption will rebound from the trough, thereby contributing more increment to macroeconomic stability.