经济学家滕泰：新场景、新服务构成新供给，创造新消费需求

Core Viewpoint - "Boosting consumption" is not just a consumption issue but a key point for China's transformation over the next decade, impacting fiscal policy, monetary policy mechanisms, income distribution, and sustainable economic growth [2][5]. Group 1: Current Economic Challenges - The main contradiction restricting China's economic development is insufficient domestic demand, making "boosting consumption" a long-term national strategy [5]. - China is currently trapped in an "over-investment trap," with excessive investments in real estate, infrastructure, and manufacturing, leading to diminishing returns [5][6]. - The recognition of the need to boost consumption has improved, but actual actions require further strengthening [5][6]. Group 2: Policy Recommendations - There is a call to redirect funds from inefficient and ineffective investments to boost consumption and shift societal decision-making from "heavy investment, light consumption" to a more balanced approach [6]. - Increasing disposable income and social security for low- and middle-income residents is essential to encourage consumption [6]. - New monetary policy mechanisms should be explored, including potential zero or negative interest rates to stimulate economic recovery, as seen in the U.S., Japan, and Europe [8]. Group 3: Future Consumption Trends - New supply creates new demand, with innovations in products, services, and consumption methods driving future consumption [8][9]. - Emerging consumption trends, such as new products and methods exemplified by brands like Pop Mart, indicate that basic consumption needs have limited growth potential, but new consumption forms will continuously drive demand [9]. - The advent of technologies like artificial intelligence is expected to generate significant new demand, reshaping lifestyles and consumption patterns [9].