提振消费信心 激活内需新动能

Core Viewpoint - The Central Economic Work Conference has elevated domestic demand, particularly consumption, to an unprecedented strategic level, indicating a deep transformation focused on consumption is underway [1] Group 1: Economic Strategy - Expanding consumption is both a short-term task for stabilizing the economy and a strategic move for long-term high-quality development, as it is the main component of national economic demand [3] - The need for supply-side innovation to cultivate new demand dynamics is emphasized, with product innovation being crucial for providing high-quality new products to the market [3] - A virtuous cycle is created where new demand leads to new supply, promoting reasonable quantitative growth and effective qualitative improvement in the economy [3] Group 2: Service Consumption - Service consumption is expected to become a new growth driver, with significant potential for growth in this area due to the low current consumption rate among Chinese residents [4] - The urbanization of the floating population is critical for increasing local demand for services such as education and healthcare, which can enhance family consumption [4] - Policy measures such as optimizing service supply and potentially adding public holidays could further stimulate service consumption [4] Group 3: Future Trends in Consumption - By 2026, three trends in the Chinese consumption market are anticipated: 1. Increased consumer willingness driven by improved social security and optimistic future expectations [5] 2. A rising proportion of service consumption, particularly in education, healthcare, and tourism, outpacing goods consumption growth [5] 3. A new surge in domestic brands, particularly in the mid-to-high-end market, supported by policy, cultural confidence, and supply chain advantages [5] - The core of consumption empowering Chinese-style modernization lies in translating economic growth into tangible improvements in the quality of life for the populace [5] Group 4: Societal Impact - The transformation in consumption patterns is expected to profoundly reshape the overall social landscape of China, extending beyond economic implications [6]