张军扩：释放居民消费潜力应更加突出结构性对策

Group 1 - The core viewpoint is that China's economy shows strong resilience overall, but there are significant issues with supply exceeding demand, leading to challenges for business development [1] - The Central Economic Work Conference has prioritized expanding domestic demand, emphasizing the need to build a strong domestic market [2] Group 2 - Zhang Junkuo highlighted the importance of addressing both short-term and long-term structural issues to effectively release consumer potential, noting that demand insufficiency is influenced by both short-term market fluctuations and deeper structural factors [3] - He emphasized the need for short-term stimulus policies to interrupt negative cycles while also addressing deeper issues to stabilize economic growth [4] Group 3 - Zhang pointed out that the structural reasons for low consumer spending include a long-term low consumption rate, estimated to be 10% to 20% below potential, primarily due to the relatively low share of household income in national income and inadequate social security [6] - He proposed that during the 14th Five-Year Plan period, structural measures should be prioritized to effectively release consumer demand, including counter-cyclical consumption stimulus policies and increased support for service consumption [6] Group 4 - Zhang also stressed the need to implement a resident income increase plan effectively, with a focus on enhancing social security and public services for low-income groups to boost consumer confidence [7] - Additionally, he called for increased supply-side policy efforts, such as reducing entry restrictions and optimizing regulatory policies to expand the supply of quality services [7]