China’s strategic shift toward domestic consumption growth
2026-05-25 15:55 China Daily
In this system, leading technology companies act as intermediaries between policy and market outcomes. Their scale, data capabilities and logistical infrastructure enable them to implement national priorities with a level of efficiency that traditional administrative tools cannot achieve.
PDD Holdings exemplifies this dynamic. Its operations simultaneously address multiple policy goals: expanding domestic consumption, modernizing supply chains, supporting SMEs, and facilitating global trade. This multifunctional role underscores the increasing convergence between digital platforms and economic governance.
China's 15th Five-Year Plan reflects a maturing economic strategy, one that seeks to balance growth with resilience, innovation with inclusion, and domestic strength with global engagement.
The emphasis on consumption is not a short-term stimulus measure, but a long-term structural shift.
In this transformation, digital platforms occupy a central position. They are not simply participants in the market — they are instruments through which the market itself is being reshaped. By integrating demand activation, supply optimization, and global distribution, they embody the operational logic of dual circulation.
As China moves toward 2030, the success of this model will depend not only on policy design but on the continued evolution of such platforms. Their ability to align commercial incentives with national objectives will remain a defining feature of China's economic trajectory.
The author is a former prime minister of the Kyrgyz Republic.
The views don't necessarily reflect those of China Daily.
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