China plans to boost household spending as part of 5-year plan
China just announced that it plans to boost household spending as part of its 15th Five-Year Plan (2026-2030).
Right now, household consumption makes up only 39.57% of China's GDP—almost 20 points below the global average.
This push comes as the country faces weak demand at home, a shaky property market, and heavy reliance on exports, even though its economy grew 4.8% in Q3 2025.
Leaders want to balance steady growth with everyday spending
China's leaders say they want to balance steady growth with more everyday spending, not just big investments.
Han Wenxiu, a top economic official, suggested that stronger household consumption could make China's economy more stable and modern.
The government is aiming for a massive RMB 140 trillion ($19.7 trillion) GDP this year and is rolling out policies to support jobs, tech innovation, and market stability.