What's New from Citi 2025 China Conference: Takeaways from Expert Speech on Economic and Policy Outlook CITI'S TAKE We hosted Professor Songcheng Sheng of CEIBS at Citi 2025 China Conference. Prof. Sheng welcomes the greater emphasis on consumption in the 15th Five-Year Plan and considers it a "pivot change". On the cyclical outlook, he thinks the Chinese economy could have bottomed, with the gap between nominal and real growth likely being closed. On monetary policy, there could be more room for RRR cut ra ...