Chinese officials have laid out a strategy to address economic imbalances and promote stable growth.

The top economic regulator says the country will formulate a plan this year to boost domestic demand over the next five years.

For more insights into China's expanding consumer demand, Dou Hongyu spoke with Wang Yaojing, an associate professor of economics at Peking University.

Citizens shop for fruits at a local supermarket in Huai'an, China's Jiangsu Province on January 12, 2026. [Photo: VCG]