“十五五”期间应提高消费在GDP中的比重

Group 1 - The core viewpoint emphasizes the importance of formulating and implementing the "15th Five-Year Plan" to enhance China's modernization and economic growth, particularly focusing on increasing domestic consumption as a strategic resource amid complex external environments [1][2] - Current consumption as a percentage of GDP in China is relatively low, with final consumption projected to be 56.6% in 2024, which is significantly lower than developed economies and major emerging markets [3][4] - The contribution of final consumption to GDP growth is expected to be 44.5% in 2024, highlighting the need to boost domestic consumption to maintain economic growth amidst uncertainties in international trade [3][4] Group 2 - The low consumption ratio negatively impacts economic performance, leading to persistent low price levels, which in turn affects corporate profits, fiscal revenue, and market expectations [4] - The reasons for low consumption include a long-standing investment-driven growth model, insufficient consumer spending policies, and a disparity in income distribution among different income groups [5][6][7] - The internal structure of consumption is also a concern, with low public consumption and service consumption limiting overall economic growth and employment opportunities [8] Group 3 - To boost consumption, a multi-faceted approach is suggested, including enhancing macroeconomic policies to support consumption, improving public services, and addressing income distribution disparities [9][10][11] - Specific measures include increasing public consumption rates, implementing consumer subsidies, and reforming income distribution systems to enhance consumer purchasing power [9][10][11] - The strategy also involves improving the efficiency of resource allocation and ensuring that economic policies are aligned with the goal of increasing consumption as a share of GDP [11]