三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Boosting consumption seen as key to reviving economy

By OUYANG SHIJIA and ZHU WENQIAN | China Daily | Updated: 2023-09-06 09:32
Share
Share - WeChat
Consumers browse Huawei phones at an outlet in Yantai, Shandong province, in August. [PHOTO by TANG KE/FOR CHINA DAILY]

Experts call for more efforts to facilitate recovery in purchasing enthusiasm

Reviving consumer demand and bolstering consumer confidence will be key priorities for China's economy for the rest of the year, as the country seeks to drive a consumption-led recovery amid downward pressures, economists said.

The contribution of final consumption expenditure to economic growth reached 77.2 percent in the first half of the year. Therefore, boosting consumption will be a key step for expanding domestic demand and shoring up slowing growth momentum, they said.

A recovery in consumer spending still needs time to pick up due to the scarring effects of the COVID-19 pandemic, they said, adding that more efforts should be made to effectively raise household earnings, increase employment, boost consumer sentiment and promote the growth of key fields such as services consumption and new types of consumption.

"The current improvement in consumption is mainly restorative, and the foundation for continued recovery and expansion is not yet solid," said Wang Wei, head of the Institute of Market Economy at the Development Research Center of the State Council, the country's Cabinet.

Wang said the country should further promote services consumption in fields like culture, sports and tourism, as well as the nighttime market. The country should also issue housing consumption vouchers to the unemployed and low-income youth groups, allow the use of housing provident funds for the purchase of home appliances and services, and increase credit support for education, healthcare and other services consumption, she said.

China's retail sales, a key indicator of consumer spending, grew by 2.5 percent year-on-year in July, compared with 3.1 percent in June, according to the National Bureau of Statistics.

The country has already pledged efforts to expand and restore consumption. On July 24, a meeting of the Political Bureau of the Communist Party of China Central Committee called for unleashing the fundamental role of consumption in driving economic growth.

Policymakers rolled out a raft of measures last month to boost consumption of products and services such as automobiles, electronics, housing and home decor.

Fu Yifu, a senior researcher at the Star Atlas Institute of Finance, said that the measures will help unleash the consumption potential and drive a gradual recovery in buying sentiment.

Given the gradual pickup in economic activity, improvement in corporate profitability and stronger policy support, consumption will likely perform better in the second half, Fu said.

Stable employment vital

Fu also highlighted the importance of stabilizing employment, saying that stable jobs provide a steady source of income and thus help restore consumer purchasing power. The country should further cut taxes and fees, offer subsidies and increase financial support for small- and medium-sized enterprises, a major source of employment.

He said more efforts are needed to effectively raise the take-home pay of middle- and low-income groups, narrow income disparities among households, and further improve the social security system.

The National Development and Reform Commission, China's top economic regulator, recently held a meeting to discuss measures for increasing household incomes. It said the country will formulate measures to enhance incomes for the low-income group and expand the middle-income group.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - 2025. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩视频播放 | 亚洲精品主播一区二区三区 | 日韩在线视频免费不卡一区 | 欧美一级毛片免费网站 | 视频国产一区 | 亚洲协和影视 | 手机看片久久高清国产日韩 | 国产91精选在线观看网站 | 爱爱激情网 | 国产欧美日本在线观看 | 国产成人8x视频一区二区 | 国产日产欧美一区二区三区 | 国产偷窥自拍视频 | 国产高清精品毛片基地 | 免费国产小视频在线观看 | 久久噜国产精品拍拍拍拍 | 国产原创麻豆精品视频 | 182午夜视频 | 日韩中文字幕视频 | 日韩美女黄大片在线观看 | 99久在线观看 | 美女被啪全免视频软件 | 日韩精品一区二区三区高清 | 国产一区视频在线免费观看 | 国产伊人自拍 | 麻豆国产精品一二三在线观看 | 日本一级大黄毛片免费基地 | 亚洲视频欧洲视频 | 老妇女人一级毛片 | 久久精品视频免费播放 | 国产精品日本一区二区在线播放 | 国产精品人成福利视频 | 在线成人福利视频 | 99久久精品费精品国产一区二区 | 青青国产成人久久91网站站 | hh99me福利毛片 | 婷婷激情综合 | 黄色片s色 | 免费国产一级特黄aa大片在线 | 成人在线视频网 | huangse网站免费 |