“十四五”期间居民服务性消费年均增长9.6%

Core Insights - During the "14th Five-Year Plan" period, China's service consumption is expected to grow at an average annual rate of 9.6%, outpacing goods consumption [1] - Cumulative imports of consumer goods are projected to reach 7.4 trillion yuan from 2021 to 2024, highlighting China's significant contribution to global market growth [1] - The "Buy in China" initiative and optimized tax refund policies for outbound tourists are expected to boost inbound tourist spending to 94.2 billion USD in 2024, representing a 77.8% increase [1] Group 1 - The average annual growth rate of service consumption is 9.6% from 2021 to 2024 [1] - Cumulative imports of consumer goods are estimated at 7.4 trillion yuan during the same period [1] - The increase in inbound tourist spending is driven by the "Buy in China" initiative [1] Group 2 - The growth in service consumption is faster than that of goods consumption [1] - The "Buy in China" campaign aims to enhance the attractiveness of Chinese products to international visitors [1] - The expected total spending by inbound tourists in 2024 is 94.2 billion USD, marking a significant increase [1]