经济日报金观平：下大力气激发消费融资潜能

Group 1 - The narrow growth gap between M1 and M2 indicates a significant increase in the liquidity of the economy, with M1 growing by 4.6% year-on-year as of June, a notable rise of 2.3 percentage points from May [1] - The acceleration in M1 growth reflects enhanced economic activity, driven by recent financial policies that have restored market confidence and stimulated effective demand [1] - The ongoing transformation of the domestic economy necessitates a focus on expanding effective domestic demand, particularly in consumption [1] Group 2 - China's multi-tiered consumer finance service system has developed significantly, with credit support playing a crucial role in stabilizing the consumer market [2] - Structural contradictions in the consumption sector remain prominent, particularly in high-quality service areas such as tourism, healthcare, and elder care, indicating a need for improved financial products and services [2] - Recent initiatives by the People's Bank of China aim to enhance service consumption supply, which is a key direction for future macroeconomic policies to promote consumption [2] Group 3 - Increasing residents' income levels is essential for stimulating consumption potential, with estimates suggesting that a 1% increase in the income share of low- and middle-income groups could generate an additional 250 billion yuan in consumption [3] - Future efforts should focus on improving disposable income and enhancing social security levels in areas such as healthcare and education to boost consumer capacity and willingness [3] - Strengthening the macroeconomic foundation and improving employment and income levels are critical for enhancing consumption efficiency and environment [3]