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News Analysis: Understanding China’s New Consumption Reality

Summary by iChongqing
Tourists visit the Dunhuang Book Center in Dunhuang, northwest China's Gansu Province, Oct. 11, 2025. (Photo/Xinhua) Beijing - As China prepares the 15th Five-Year Plan (2026-2030) for its next development phase, the resilience of its consumer market, with domestic demand being tapped as a main growth engine, is under scrutiny. For years, the chatter of a "consumption downgrade" in China has sporadically made the headlines. This narrative often …
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iChongqingiChongqing

News Analysis: Understanding China’s New Consumption Reality

Tourists visit the Dunhuang Book Center in Dunhuang, northwest China's Gansu Province, Oct. 11, 2025. (Photo/Xinhua) Beijing - As China prepares the 15th Five-Year Plan (2026-2030) for its next development phase, the resilience of its consumer market, with domestic demand being tapped as a main growth engine, is under scrutiny. For years, the chatter of a "consumption downgrade" in China has sporadically made the headlines. This narrative often …

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iChongqing broke the news in on Monday, October 20, 2025.
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