Group 1 - The core viewpoint of the articles highlights that China's retail sales of consumer goods increased by 4.5% year-on-year in the first three quarters, with final consumption expenditure contributing 53.5% to economic growth, marking a 9 percentage point increase from the previous year [1] - The growth in consumer market size is attributed to the effectiveness of consumption-boosting policies, including the issuance of 300 billion RMB in special bonds to support the replacement of old consumer goods [1] - The retail sales of household appliances, cultural office supplies, furniture, and communication equipment under the old-for-new policy showed double-digit growth, with over 8.3 million applications for vehicle replacements by September 10 [1] Group 2 - Service retail sales grew by 5.2% year-on-year in the first three quarters, outpacing goods retail sales by 0.6 percentage points, driven by policies aimed at expanding service consumption [2] - Online retail sales increased by 9.8% year-on-year, with a continuous acceleration in growth since May, indicating a strong shift towards e-commerce [2] - Despite the growth in retail sales, the increase in consumer goods retail sales was lower than the overall economic growth rate, suggesting a need to enhance consumer willingness to spend [2] Group 3 - Future strategies should focus on stabilizing and expanding employment, promoting sustained growth in residents' income, and enhancing consumer capacity and willingness [3] - There is a call for more systematic and comprehensive measures to stimulate domestic demand and unleash consumption potential, emphasizing the importance of confidence in economic stability [3] - The overall economic performance has exceeded expectations this year, highlighting the need for correct guidance of expectations for businesses and residents to further boost consumption [3]
消费稳步扩大 中国经济主引擎持续发力
Zhong Guo Xin Wen Wang·2025-10-20 11:19