日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Consumption to play bigger part in growth

Experts stress need to ensure people have confidence, willingness to spend

By FAN FEIFEI | CHINA DAILY | Updated: 2025-12-20 07:47
Share
Share - WeChat
Tourists interact with parading performers at the Harbin Ice-Snow World in Harbin, Northeast China's Heilongjiang province, Dec 17, 2025. [Photo/Xinhua]

China's latest efforts to boost consumption and expand domestic demand will shore up consumer confidence and stimulate economic growth as the nation prioritizes the building of a robust domestic market to navigate rising external uncertainties, experts and company executives said.

They noted that a series of pro-consumption policies will accelerate the country's shift toward a consumption-driven growth model, while calling for an intensified push to improve the social security system and optimize the income distribution mechanism to further enhance residents' willingness and ability to spend.

Their comments came as the tone-setting Central Economic Work Conference, which concluded last week, stressed the need to boost the domestic market by implementing consumption enhancement campaigns and urban-rural income growth plans, removing unreasonable restrictions hindering consumption and stimulating service consumption potential.

Su Jian, a professor of the School of Economics at Peking University, said that the key to boosting consumption lies in ensuring that "people not only have money and leisure time but also the confidence and willingness to spend".

Su emphasized the significance of expanding employment and guaranteeing stable incomes for low-income groups, saying that more supportive measures are needed to build a comprehensive and robust social security system, boost the development of culture, tourism and sports consumption, and nurture new types of consumption in the digital, green and intelligent fields.

Citing consumption's role as the primary economic driver, Xu Hongcai, deputy director of the economic policy committee of the China Association of Policy Science, stressed the necessity to raise people's salaries, ease household burdens in areas like healthcare and old-age insurance, and expand property income channels.

Xu suggested improving the social security level for low-income groups by transferring a portion of State-owned equity to social security funds to increase their disposable incomes, as well as providing direct consumption subsidies for rural residents when they purchase home appliances.

Consumer spending has become the main driving force behind China's economic growth. Final consumption expenditure contributed 53.5 percent to economic growth in the first three quarters of 2025, up 9 percentage points from the full-year figure of the previous year, said the National Bureau of Statistics.

Alfred Yin, consumer products and retail assurance leader at EY Greater China, said that China's emphasis on boosting consumption during the 15th Five-Year Plan (2026-30) period signals that consumption is no longer treated as a mere "short-term stimulus tool", but has been elevated to "a long-term strategy".

He noted that consumption is playing a fundamental role in stabilizing economic growth, expanding employment and promoting high-quality development, highlighting its pivotal role in bolstering domestic demand and strengthening domestic circulation.

Yin added China's consumer market is expected to gain more momentum next year, with improvements in household income expectations and consumer confidence, while service consumption will serve as a key driver boosting domestic demand. He said that policy measures are expected to become more proactive in 2026, adding that the consumer goods trade-in program is likely to continue. "The trade-in program is far more than a short-term stimulus, but also an important lever for promoting structural economic reforms. It lowers the threshold for consumption and effectively stimulates residents' willingness to purchase big-ticket categories, while driving consumption upgrading and technological iteration."

Yin said that the deep integration of green consumption with the circular economy will be further improved, while new consumption scenarios will be created through the use of digital technologies. AI-powered recommendations, virtual try-on, and intelligent customer service will see a broader application in the retail and service industry, to enhance personalized shopping experiences, he added.

"Domestic consumption has been and always will be a key pillar of the Chinese economy. To adapt to the pace of change in the consumer sector, people's longing for good lifestyles becomes an anchor point for future innovation in a time of rapid technological advances," said Samantha Zhu, chairperson of Accenture Greater China.

Retail sales, a significant indicator of consumption strength, rose 4.5 percent year-on-year to 36.59 trillion yuan ($5.2 trillion) in the first three quarters, according to the NBS.

Cui Jingyi, vice-president of United Kingdom-based industrial software developer Aveva and general manager of Aveva China, said that boosting consumption is a key priority for China's economic growth, and the company sees this as a tremendous opportunity. "As China continues to emphasize consumption-led development, we are actively adapting our strategies to align with evolving market dynamics and consumer expectations."

Cui said that Aveva is committed to bringing cutting-edge technologies and the latest products to the Chinese market, and accelerating the green and low-carbon transformation across industrial sectors and advancing intelligent manufacturing.

Hideki Ozawa, president and CEO of Canon China, said the company fully supports China's efforts to boost domestic consumption. "With a growing market and government support, we have seized many new opportunities. The imaging market is thriving. We're very optimistic about the future and believe that a new golden age for the camera market is coming soon."

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
CLOSE
 
主站蜘蛛池模板: 国产999视频 | 国产一区二区三区网站 | 亚欧视频在线观看 | 你操综合 | 免费萌白酱国产一区二区三区 | 亚洲激情在线观看 | 欧美福利视频在线观看 | 黄色免费在线观看网站 | 亚洲欧美日韩色 | 午夜精品91| av免费在线观看网站 | 国产91亚洲| 99在线免费观看视频 | 一区二区激情 | 五月激情六月丁香 | 日韩av色 | 国产精品色 | 日韩欧美综合视频 | 老地方在线高清观看动漫 | 国产九色在线 | 国产一区二区三区免费在线观看 | 九九热只有精品 | 午夜精品一区二区三区在线视频 | 欧美一级黄色大片 | 黄色成人18 | 亚洲最新偷拍 | 午夜视频在线观看视频 | 葵司免费一区二区三区四区五区 | 日韩欧美91 | 免费黄色高清视频 | 国产精品视频成人 | 精品视频网站 | 福利网址在线观看 | 欧美极品一区 | 亚洲综合自拍偷拍 | 插吧插吧综合网 | 五月天伊人网 | 日韩国产精品一区二区 | 亚洲天堂中文在线 | 手机在线看片国产 | 成年人看的免费视频 |