Group 1 - China's National Bureau of Statistics reported that in April, new consumption momentum is growing, indicating a clear trend of economic improvement [1] - Despite a slowdown in industrial and consumption growth rates due to the tariff war, the overall economy shows strong resilience, supported by effective macroeconomic policies [4] - The equipment manufacturing sector's added value increased by 9.8% year-on-year in April, contributing nearly 56% to the growth of industrial added value [4] Group 2 - China's inbound tourism is experiencing robust growth, with nearly 132 million international visitors expected in 2024, a year-on-year increase of 60.8%, and total consumption reaching $94.2 billion, up 77.8% [7] - The government has implemented measures such as lowering tax refund thresholds and increasing the number of duty-free shops to further stimulate foreign tourist spending [7] Group 3 - Local governments in China are innovating consumption models by bundling popular event tickets with discounts on hotels, dining, and travel bookings, which has significantly boosted consumer enthusiasm [10] - The live performance market is thriving, with total revenue expected to exceed 79.6 billion yuan in 2024, and over 60% of audiences attending performances in different locations, driving growth in transportation and accommodation sectors [10] Group 4 - The "Z Generation" in China, born between 1995 and 2010, is becoming a significant consumer force, characterized by emotional-driven purchasing behavior [11] - This demographic is both budget-conscious for everyday items and willing to spend on hobbies and personalized products, contributing to rapid revenue growth for related companies and injecting new vitality into the Chinese economy [11]
产业“强”、消费“旺” “新”消费热潮涌动 催生经济新动能
Yang Shi Wang·2025-05-22 07:55