Core Viewpoint - The emphasis on boosting consumption is crucial for China's economic prosperity, as the country needs to shift towards a consumption-driven growth model [5][6]. Economic Situation - China's economy has stabilized and is on a sustainable growth path, with a recovery trend that is irreversible [5]. - Achieving the GDP doubling target set for 2035 under the "14th Five-Year Plan" will require significant effort [5]. - Reform and opening-up remain key to China's future and high-quality development, with a focus on market-oriented reforms [5]. Challenges - The primary challenge facing China's economy is insufficient domestic demand, which is largely due to weak consumer spending [6]. - Traditional views favoring production over consumption have led to policies and systems that are not conducive to consumer spending, resulting in suppressed consumption [6]. Consumption Comparison - Current consumption rates in China are significantly lower than those in developed countries, with China's overall consumption rate at 55% compared to around 80% in the U.S. [6]. - The final consumption rate in China is only 38%, while it is generally around 60% in Western countries, indicating a 25 percentage point gap [6].
彭森:一定要提振消费,为消费正名,中国经济要走消费繁荣的道路
Sou Hu Cai Jing·2025-03-25 11:19