September 29, 2025 02:37 AM GMT Investor Presentation | Asia Pacific M Foundation Is pro-consumption reform financially sustainable in the Five-Year Plan? Related reports: Targeted Tweaks in the Fall, Major Reforms Later? (24 September 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 For important disclosures, refer to the Disclosure Section, located at the end of this report. M P ...