Chi Fulin, Dean of China (Hainan) Reform and Development Research Institute, said that during the 14th Five -Year Plan, China will become the world's largest commodity consumer market.
According to the China News Agency, Chi Fulin said that the release of China's consumption potential and the opening of the market will become a major benefit of world economic growth.It is expected that China's contribution to global economic growth in the next five to 10 years will still be expected to remain at 25%to 30%, and it will still be the "main engine" that drives global economic growth.The large consumer market of 1.4 billion people is "the world's market, shared market, and everyone's market."
Chi Fulin said that in 2019, the per capita consumption expenditure of Chinese residents exceeded 20,000 yuan (RMB, the same below, S $ 4118.46).It is expected that the per capita consumption expenditure of Chinese residents will be close to 30,000 yuan by 2025.
From 2012 to 2019, the total retail sales of Chinese social consumer goods increased from 21 trillion yuan to 40 trillion yuan, an average annual increase of 10.94%.
Chi Fulin said that the epidemic did not change the trend of consumption upgrade. The total retail sales of social consumer goods in 2020 decreased by 3.93%year -on -year from 2019. From January to February 2021, the total retail sales of social consumer goods increased by 33.8%year -on -year. It is expected to be the end of this year this year.The growth rate of total retail sales of social consumer goods may return to the speed before 2020.
Chi Fulin said that during the "Fourteenth Five -Year Plan" period, China will become the world's largest commodity consumer market."It is expected that the total retail sales of consumer goods in 2025 are expected to reach 55 trillion yuan to 60 trillion yuan. In the next five years, the total retail sales of consumer goods in China is expected to maintain an average annual growth of about 9.5%."
He also believes that China will become the world's largest service industry and service -oriented consumption market and the world's largest service trading country.
Chi Fulin pointed out that in the next five to 15 years, the increase in service -oriented consumption in China will have an important impact on the global market. By 2035, China's new service consumption scale will cumulate a total of nearly 70 trillion US dollars (927,200100 million), in the future, with the changes in the consumption structure of residents, the opening of the Chinese service industry market and the improvement of service -oriented consumption is a major trend.
Chi Fulin predicts that by 2035, China's service trade volume is expected to reach 2.7 trillion US dollars, becoming the world's largest service trade country, accounting for 12%of the global service trade."In 2010-2019, the service trade volume increased by 8.7%. Considering factors such as China's service -oriented consumption growth space and the open space of the service market, the conditions in the future will achieve an average annual growth rate of about 8%."
