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Think Tank

Prioritizing the Recovery and Expansion of Consumption (Observed by Commentators) - Maintaining a Positive Economic Performance ②

2023-11-02   

Continuously enhancing consumption capacity, improving consumption conditions, enabling residents to have a stable income, dare to consume without worries, and have a strong desire to consume in a favorable consumption environment. This will provide a continuous new driving force for consumption growth. On October 23, a consumer in Qingdao, Shandong purchased a down jacket online. This product is produced at the factory in Changshu, Jiangsu, and is stored in a warehouse in Qingdao. It will be delivered on the same day. According to real-time monitoring data from the express big data platform of the National Postal Administration, this is the 100th billion express in China in 2023, 39 days ahead of reaching the 100th billion in 2022. The express delivery industry connects thousands of households, online and offline, and runs through multiple links such as production, distribution, circulation, and consumption. Its annual business volume has exceeded the level of one hundred billion pieces for the third consecutive year, reflecting the vibrant vitality of China's consumer market and a vivid portrayal of the economic recovery. Consumption is an important window for observing the operation of the economy. Since the beginning of this year, the holiday economy has been continuously heating up, food and beverage consumption has accelerated to recover, and leisure tourism has steadily recovered. People feel the strong momentum of consumption recovery. According to data released by the National Bureau of Statistics, in the first three quarters of this year, the total retail sales of consumer goods increased by 6.8% year-on-year, the national online retail sales increased by 11.6% year-on-year, and the service retail sales increased by 18.9% year-on-year. The accelerated release of consumer demand from residents and the continuous emergence of new forms and hotspots of consumption indicate that China's consumer market is showing a recovery and growth trend, and the consumption structure is constantly optimizing and upgrading. Consumption is the ultimate demand, directly related to economic development and improvement of people's livelihoods. With a series of policies and measures to promote consumption taking effect, consumption growth in various fields has converged into a combined force, boosting the economic recovery and recovery. In the first three quarters, the contribution rate of final consumer spending to economic growth was 83.2%, driving GDP growth by 4.4 percentage points. As residents' consumer confidence gradually rebounds, the consumption driving effect will further manifest, and market vitality will continue to increase. Demand drives supply, and supply creates demand. One important focus is to optimize product structure and increase high-quality supply, in order to better meet new consumer demands and promote the continuous growth and strength of the consumer market. With the improvement of people's quality of life requirements and the enhancement of green environmental protection concepts, upgraded and green goods have become new consumption growth points. For example, the retail sales of new energy passenger vehicles in China increased by 33.8% year-on-year in the first three quarters. To comply with new trends, optimize supply, improve the adaptability of the supply system, generate more new demand with high-quality supply, and achieve a high-level dynamic balance between supply and demand, in order to smooth the domestic circulation and maximize China's large-scale market advantage. Only when the market and policy are strengthened can the consumer market continue to "warm up". To effectively restore and expand consumption, it is necessary to optimize the consumption environment and enhance consumption capacity. Distribute consumption vouchers for physical goods such as automobiles and household appliances, focus on key areas of the cultural and tourism market, increase law enforcement inspections, and accelerate the construction of urban and rural consumption infrastructure... Since the beginning of this year, various regions and departments have taken multiple measures to improve consumption promotion policies and stimulate greater consumption vitality. With the overall improvement of the employment situation and the stable growth of residents' income, we will continuously enhance our consumption capacity and improve our consumption conditions, so that residents can consume with a stable income and have no worries to worry about

Edit:Luo yu Responsible editor:Wang er dong

Source:people.cn

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