A spokesman for the National Development and Reform Commission Meng Wei disclosed on Wednesday (April 19) that the Development and Reform Commission is seizing policy documents on restoring and expanding consumption, mainly focusing on stable large consumption and improving service consumption., Expand key areas such as rural consumption, formulate more targeted policy measures according to the needs of different income groups and different consumer goods, and promote the steady growth of consumption.
With China's economic growth momentum shifted from external demand to domestic demand, the National Development and Reform Commission of China promised to introduce restoration and expanding consumer policies to promote consumption recovery through targeted measures.
The National Development and Reform Commission spokesman Meng Wei disclosed at a press conference on Wednesday (April 19) that the Development and Reform Commission is seizing policy documents on restoring and expanding consumption, mainly focusing on stable large consumption, improving service consumption, expanding rural consumptionIn key areas, more targeted policies and measures are formulated according to the needs of different income groups and different consumer categories to promote the steady growth of consumption.
Statistics released on Tuesday (April 18) show that China's domestic consumer demand has risen sharply after the turn of the epidemic prevention policy at the end of last year.In the first quarter of this year, the total retail sales of consumer goods in China increased by 5.8 % year -on -year. The final consumption contribution to economic growth was as high as 66.6 %, which doubled from 32.8 % last year.
In March alone, the total increase in social zero reached 10.6 % in the past two years. The increase in real estate, infrastructure, and other civil investment in one fell swoop exceeded the impact of the economy.According to the financial data platform Wind statistics, this is the first time that the increase in retail sales in the past two years has exceeded the industrial added value and the increase in fixed asset investment.
Meng Wei said that consumer demand has been released this year, especially for service consumption.In the first quarter, the situation of the consumer market was good, laying a solid foundation for the annual recovery and expansion of consumption."But we also noticed that consumption has continued to rise and has yet to be further boosted."
In March this year, the national urban investigation rate was still at a high level of 5.3%, and the urban youth survey rate of urban and towns in the age of 16 to 24 rose to 19.6%, second only to 19.9%of the record in July last year.This year, the number of colleges and universities across the country is expected to reach a new high of 11.58 million, which will further pressure the employment market.Many analysts worry that this will impact consumers' confidence and make it difficult for consumption to recover.
Meng Wei introduced that the Development and Reform Commission will focus on the four aspects of the sustainability of consumption recovery, including the introduction of the "big head" of the supporting consumption of consumption and stabilizing the consumption growth of targeted policies to promote consumption.Improve consumption power and further optimize consumer conditions.
Strengthen employment priority policy allows residents to "consume and consume"
He particularly emphasized that income income is an important basis for promoting consumption.The Development and Reform Commission optimizes employment, income distribution and consumption full chain of virtuous cycle promotion mechanism, strengthen employment priority policies, improve urban and rural residents' income, and enable residents to "consume consumption and consumption."
Yao Shujie, a professor of economics at Chongqing University, predicts that the consumer demand accumulated during the epidemic will usher in retaliatory growth this year, driving a significant rebound in industries such as transportation, catering, accommodation and tourism, and becoming economic growthThe main motivation.
Yao Shujie believes that the government should do a good job of support and keep the cycle of circulation in all aspects of the consumer market.He opposes consumption by issuing cash or consumer vouchers. "Chinese people are accustomed to diligent and frugal, and they will first think of saving with money.More employment positions. Probosing employment is the best way to promote consumption. "
Agree with factors such as weak property markets and unstable market expectations, private investment continues to lose weight. In the first three months of this year, it only increased by 0.6%year -on -year.
Huang Tianlei, a researcher at Peter Sen Institute of International Economics, pointed out that this reflects that the confidence of the private sector has been hit deeper and wider than previously expected.
Meng Wei said that the Development and Reform Commission will promote financial institutions to increase credit support for private investment projects and enhance investment enthusiasm. At the same time, it will also study reasonably reduce the negative list of foreign capital access, study policies and measures to further expand open openness, attract foreign investment to China into ChinaEssence
