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Originally published by Capital Newstop
January 12, 2026
5h ago
China to boost domestic consumption in 2026 with retail and service reforms
China plans to expand domestic demand in 2026 through targeted consumption stimulus, service-sector growth, retail and distribution reforms, and the “Shopping in China” initiative to foster sustainable, high-quality economic growth...
✨ Key Highlights
China plans to significantly boost domestic consumption and expand service sector spending by 2026 through targeted stimulus and retail reforms. These efforts aim to unleash market potential and support high-quality, sustainable economic growth.
- China's final consumption expenditure contributed 53.5 percent to its economic growth in the first three quarters of 2025, a 9 percentage point increase from the previous year.
- Commerce Minister Wang Wentao announced measures at a national commerce work conference, including the "Shopping in China" initiative.
- The plan aims for three consumption sectors each valued at around 1 trillion yuan ($143 billion) and 10 consumption hot spots exceeding 100 billion yuan by 2027.
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