In the first half of the year, the contribution rate of final consumption expenditure to economic growth exceeded 77%, and the role of consumption as the "main engine" further highlighted
2023-08-24
This summer vacation, the Red Culture Special Train will be launched, bringing new opportunities to Jinggangshan, Jiangxi. As of now, more than 20000 passengers have taken the special train to Jinggangshan, driving the increase in local tourism revenue, "said Luo Chenyuan, director of the Jinggangshan Municipal Bureau of Culture, Radio, Television, and News. Recently, the "Love Car Nanshan Purchase" automobile special promotion activity in Nanshan District, Shenzhen, Guangdong officially began. The charging stations in the community are fully equipped, and there are also consumption vouchers for car purchases. Buying new energy vehicles is cost-effective, "said Wu Qingyou, a resident of Nanshan District. In the first seven months, the total retail sales of consumer goods in China increased by 7.3% year-on-year, while the retail sales of services increased by 20.3% year-on-year. Domestic demand continued to expand, helping to maintain a stable recovery of the national economy. What is the next step in restoring and expanding consumption? How should relevant policies be implemented? The reporter interviewed relevant experts. There are many highlights in the improvement and upgrading of consumption. "In the first half of the year, the contribution rate of China's final consumption expenditure to economic growth reached 77.2%, which is significantly higher than the entire year of 2022 and also significantly higher than the first quarter of this year. The role of consumption as the 'main engine' of economic growth is further highlighted," said Li Qingbin, a researcher at the Institute of Economics at the China Academy of Macroeconomics. Travel has become even busier. With the continuous increase in summer tourism passenger flow, the demand for railway travel is very strong. From July 1st to August 21st, the country's railways sent a total of 701 million passengers, of which 15.686 million were sent on August 19th, setting a new historical high in the daily passenger volume of summer transportation. Tourism has become even more popular. The consumption heat index constructed based on Meituan order data shows that from July 1st to 25th, the average consumption heat index of the tourism industry reached 204.3, indicating that the size of tourism orders has more than doubled compared to the same period last year. Yang Daoling, Director of the Big Data Analysis Department of the National Information Center's Big Data Development Department, told reporters that the monitoring and analysis of 280 million high-frequency data such as online consumption, search behavior, enterprise registration, and performance box office shows that with the arrival of the summer season, cultural and tourism consumption continues to be hot in the first half of the year, consumer enthusiasm for traveling and watching movies continues to rise, and market vitality in related fields is accelerating. With the smooth transition of epidemic prevention and control, consumption scenarios such as catering, travel, tourism, culture and entertainment have rapidly recovered, and consumption of contact based aggregation services has rebounded strongly. Many areas have basically recovered or even exceeded pre epidemic levels, "Li Qingbin believes. While there has been a significant recovery in the consumption of contact based aggregation services, the upgrading of physical consumption has also shown many highlights. In the first half of the year, the retail sales of cosmetics, gold, silver, and jewelry in units above the designated size increased by 8.6% and 17.5% year-on-year, respectively. The upgrading characteristics are very obvious, and the growth rates of these two types of goods in rural markets are 7.5 and 21.1 percentage points higher than those in urban areas, indicating that the potential for upgrading consumption in rural markets has also been effectively unleashed. "Li Qingbin said. In addition, the sales of green intelligent products are growing rapidly. In the first half of the year, the sales of new energy vehicles reached 3.747 million units, a year-on-year increase of 44.1%, accounting for 28.3% of new car sales. The sales of home appliances on major e-commerce platforms such as "exchanging old for new" and green intelligent home appliances in rural areas increased by 67% and 12.7% respectively, with sales of some green organic food and health products on key e-commerce platforms achieving double-digit growth
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：people.cn
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