June 25 — Guo Lanfeng, chair of the China Economic System Reform Research Association, said at the 2026 Summer Davos Forum that expanding consumption and domestic demand first requires consumers’ capacity to spend. Beyond high-quality employment, raising that capacity requires income-distribution reform because labour currently holds a disadvantaged share; ordinary workers account for most consumption, so reforms should progressively let labour’s value be more fully reflected in the economic cyc

June 25 — Guo Lanfeng, chair of the China Economic System Reform Research Association, said at the 2026 Summer Davos Forum that expanding consumption and domestic demand first requires consumers’ capacity to spend. Beyond high-quality employment, raising that capacity requires income-distribution reform because labour currently holds a disadvantaged share; ordinary workers account for most consumption, so reforms should progressively let labour’s value be more fully reflected in the economic cycle.