The Beijing Hour Optimism toward China becomes shared consensus: FM spokesperson
Dec 12, 2025
Wang Yaojing, an Associate Professor of Economics at Peking University, discusses strategies for boosting domestic demand in China. He highlights the importance of income growth, social security, and consumption upgrades for increasing household spending. Yaojing also delves into high-quality urban renewal, explaining how it can drive investment and social benefits, thus stimulating economic vitality. His insights reflect a broader optimism about China's economic prospects and stability in the global market.
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China As Global Growth Anchor
- China says policy continuity and stable growth will provide certainty for the global economy.
- The foreign ministry invited all countries to share opportunities from China's development.
Domestic Demand And Innovation Focus
- The Central Economic Work Conference set domestic demand and innovation as core priorities for 2026.
- It emphasized income growth, AI Plus, market reform, and coordinated regional and green development.
Raise Incomes To Unlock Consumption
- Boost household income and improve social security to reduce precautionary savings and raise consumption.
- Upgrade supply, remove purchase restrictions, and strengthen consumer rights to convert income into spending.