"Trade in old for new" will promote the improvement and upgrading of consumer related fields

2024-02-29

A researcher from the Research Institute of the Ministry of Commerce in Zhoumi recently held the fourth meeting of the Central Committee of Finance and Economics to make detailed arrangements for promoting the trade in of consumer goods, and emphasized that accelerating product updates is an important measure to promote high-quality development. This is also after the Central Economic Work Conference, the central heavyweight conference once again proposed the exchange of old for new and made detailed arrangements. Promoting consumption is a long-term task that not only satisfies consumers' purchasing power and feelings, but also provides systematic coordination and guidance for the protection of consumer goods or services. It needs to focus on specific economic and social situations in different periods. The consumption in 2024 will be driven by increasing the base, energy consumption, emission standards, and other factors, promoting large-scale equipment updates and exchanging old for new consumer goods. Raising the base is a manifestation of improving consumer power. China's consumption base is still disproportionate to its population size, and the per capita consumption level in many consumer goods sectors is significantly lower than that of developed and developing economies, which cannot effectively play the important role of a super large-scale economy. The attractiveness of global industrial chain links and the supply of various commodities still needs to be improved. To fully leverage the marginal effects of consumption, it is necessary to continuously increase the base. With the construction of a unified domestic market, the connections between markets have become closer, information communication and logistics transportation costs have significantly decreased, which helps to form a more resilient and effective consumption momentum. The leverage and baton role of energy consumption indicators is of great significance for achieving economic and social development goals. The adjustment and upgrading of China's energy structure not only significantly increases the proportion of renewable energy, but also provides consumers with more choices for traditional energy utilization methods. In market competition, there are still significant variables in the competitive relationship between multiple energy sources, and the structure of energy production, storage, transmission, and consumption is still unstable. Using energy consumption standards as evaluation indicators is conducive to accelerating the optimization and upgrading of energy structure consumption, and providing necessary support for achieving carbon peak and carbon neutrality goals. In fact, energy consumption indicators are not limited to final consumer goods. Energy consumption is involved in various aspects of the economy and society, including infrastructure operations, logistics supply chain systems, industrial production, and even service sectors. Reduce energy consumption and meet consumers' high-quality lifestyle in a more sustainable way. Although the initial purchase cost for consumers may increase, the long-term usage cost will decrease, which has been clearly reflected in the process of replacing incandescent lamps with energy-saving lamps. Emission standards have always been widely concerned by society, especially the fuel emission standards for motor vehicle engines, which are most clearly reflected. However, many fields, including transportation, mining and smelting, production and manufacturing, petrochemicals, construction, catering, healthcare, and finance, require support and digestion from the natural environment. As a means of limiting the negative output scale and intensity of economic activities on the environment, raising emission standards helps to reduce the degree of impact on the environment, thereby enhancing the carrying capacity of the environment and leaving space for future economic and social development. The change in the relationship between energy consumption and emissions, as inputs and outputs, will generate a leverage effect, forming a stronger driving force for consumption. Consumption is a market behavior, and its scale and activity are greatly influenced by consumer income levels and willingness to consume. For consumers, they don't have enough money on hand

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:china.com

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