金观平：在改善民生中激发消费活力

Group 1: Economic Growth and Consumer Trends - The implementation of a series of policy measures has effectively promoted the expansion and quality improvement of the consumer market, with retail sales of consumer goods increasing by 4% year-on-year in July, and total retail sales of social consumer goods growing by 3.7% [1] - The growth in service retail sales by 5.2% in the first seven months indicates a stable overall trend, reflecting the enhanced consumption capacity and willingness of residents [1] - The economic transformation and upgrade, along with the consumption structure upgrade of over 1.4 billion people, reveal significant consumption potential, shifting from quantity to quality and from functional value to emotional value [1] Group 2: Employment and Income Stability - The increase in RMB deposits by 18.44 trillion yuan in the first seven months, including a rise of 9.66 trillion yuan in household deposits, reflects cautious expectations regarding future income and spending [2] - Emphasizing employment and income growth is crucial for expanding consumption, with a focus on employment-first policies and structural tax reductions to support job creation [2] - Enhancing the income levels of rural residents through targeted actions will contribute to overall consumption capacity [2] Group 3: Investment in Human Capital - Policies aimed at reducing concerns related to medical expenses, childcare costs, and elderly care are essential for stabilizing consumer expectations and enhancing consumption capacity [3] - The establishment of a childcare subsidy system and the promotion of free preschool education are part of a broader strategy to "invest in people" and strengthen the social safety net [3] - A coordinated approach among various departments and localities is necessary to ensure the effective implementation of policies that promote a virtuous cycle of improving livelihoods, increasing consumption, and driving economic growth [3]