China Shifts Toward Tech-Driven Consumption Model

Chinese officials, business leaders and economists at the World Economic Forum in Davos said China is accelerating a shift toward a tech-driven, consumption-led growth model centered on AI and productivity gains. They cited 2025 data — final consumption contributed 52% of GDP growth and JD reported about 700 million active Q4 2025 customers with AI-enabled product sales rising threefold to tenfold — and highlighted needed reforms for renminbi internationalization.