At the end of each year, China's top economic policymakers get together for the Central Economic Work Conference (CEWC) to discuss their goals for the year ahead.

This year's CEWC wrapped up on December 11, and in this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, get together to discuss the ins-and-outs of the meeting's official readout.

Warning: The readout from the CEWC is invariably a big-picture policy document that's frustratingly thin on detail.

• Deciphering what the leadership means takes a little bit of reading between the lines.

And that's exactly what the gents do!

They start off with their 30,000-foot takeaways (TL;DR: Beijing envisions 2026 looking a lot like 2025).

Then they get into:

• Where we might expect extra government spending
• Whether Beijing will double-down on the consumer goods trade-in program
• How Beijing intends to boost consumption