Citigroup's Chief Economist for Greater China, Yu Xiangrong: Foreign capital is shifting towards the belief that "Chinese assets cannot be ignored".

On January 10th, Xiangrong Yu, Chief Economist of Citigroup Greater China, expressed at the 2026 Chinese Chief Economist Forum Annual Meeting that 2025 has become an important turning point in the narrative of China from the perspective of foreign investors. The concept of overseas investors has shifted from the past "China is not investable" to "China's assets cannot be ignored." "This profound change is due to the emergence of breakthrough technologies represented by DeepSeek, as well as China's strategic determination in international interactions, prompting global capital to reassess China's core competitiveness," said Xiangrong Yu. Xiangrong Yu believes that the core of this shift lies in China steadily advancing its strategic goals through successive five-year plans. With 2025 as the concluding year of the "14th Five-Year Plan" and "Made in China 2025," overseas institutions have found that all strategic goals set by China have been achieved. As overseas investors deepen their understanding of China's policy framework, the importance of long-term strategic planning in the next five years becomes more prominent.