November 2, 2025 11:31 PM GMT Investor Presentation | Asia Pacific M Foundation Trade Truce and FYP Priorities Related reports: Marginally Better Truce, But Not Treaty (30 October 2025) FYP Outlines Tech and Consumption Goals (28 October 2025) Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 Zhipeng Cai Economist Zhipeng.Cai@morganstanley.com +852 2239-7820 Morgan Stanley appreciates your support in the 2026 Extel (ex-Institutional Investor) Asia Resea ...

October 28, 2025 02:30 PM GMT China Economics | Asia Pacific FYP Outlines Tech and Consumption Goals The 15th FYP outline elevates efficiency and consumption to headline targets, signalling a willingness to shift toward more balanced growth. But execution remains gradual, and reflation remains in a slow burn through 2026-27. What's new vs. the Communiqué: Execution Playbook Demand – achieving a higher consumption share: Supply – more detailed tech roadmap: Macro implications: A more balanced FYP signals a c ...