Group 1 - The core viewpoint of the article highlights that China's consumer market is steadily expanding, with a 4.5% year-on-year growth in retail sales of consumer goods in the first three quarters, contributing 53.5% to economic growth, an increase of 9 percentage points from the previous year [1][2] - The increase in consumer spending is attributed to effective consumption-boosting policies, including the issuance of 300 billion RMB in special bonds to support the replacement of old consumer goods [1][2] - The retail sales of household appliances, cultural office supplies, furniture, and communication equipment have all seen double-digit growth due to the "old for new" policy, with over 8.3 million applications for car replacements this year [1][2] Group 2 - Service consumption has also accelerated, with service retail sales growing by 5.2% year-on-year, outpacing goods retail sales by 0.6 percentage points [2] - New consumption models such as instant retail, live streaming sales, and social e-commerce are rapidly growing, with online retail sales increasing by 9.8% year-on-year [2] - Despite the growth in consumption, the retail sales growth rate is still below the overall economic growth rate, indicating a need to enhance consumer willingness [2][3] Group 3 - Future strategies should focus on stabilizing and expanding employment, promoting stable income growth, and enhancing consumer capacity and willingness [3] - There is a call for more systematic and comprehensive measures to stimulate domestic demand and release consumption potential, alongside current consumption-boosting policies [3] - Maintaining economic stability and growth is crucial for boosting consumer confidence and expectations in the face of increasing uncertainties [3]
(经济观察)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 11:50