Core Viewpoint - The Chinese consumer market shows positive growth in the first half of the year, with retail sales of consumer goods increasing by 5.0% year-on-year, supported by various policies aimed at boosting domestic demand and consumption [1][2]. Group 1: Supply Side - Improving supply quality and optimizing the consumption environment are crucial for meeting the increasingly diverse and personalized consumer demands [2]. - The market should focus on consumer needs to enhance product quality, while the government must expedite the establishment of quality standards, credit constraints, and consumer protection systems [2]. Group 2: Demand Side - Enhancing consumer capacity and willingness to spend is essential, requiring measures to promote reasonable growth in wage income and broaden channels for property income [2]. - Addressing issues such as overdue payments and ensuring farmers' income growth are vital for continuously releasing consumption potential [2]. Group 3: Systematic Approach - Boosting consumption is a systematic project that requires collaboration from all parties to form a cohesive effort [2]. - Establishing a policy framework that aligns macroeconomic policies with consumption policies is necessary to create a more favorable environment for stimulating consumption [2]. - Focusing on industrial development, expanding consumption, and enhancing employment opportunities in key sectors will contribute to economic vitality [2].
新华时评·年中经济观察丨供需两端发力 激发消费潜能
Xin Hua Wang·2025-08-12 06:37