刘世锦：经济稳增长重点应从“抓投资”转向“抓消费”，消费对增长的重要性已前置

Core Viewpoint - The main theme of the "Sina Finance 2025 Conference and the 18th Golden Unicorn Forum" is to reshape growth paradigms and create future prosperity, emphasizing the importance of consumption in driving economic growth [1][2]. Consumption Structure - The current issue of "insufficient demand" in China is primarily attributed to "insufficient consumption demand," with China's consumption as a percentage of GDP being approximately 20 percentage points lower than the global average, which is referred to as a "structural deviation" [3][5]. - To address this gap, it is essential to not only consume domestic products but also to increase consumption of foreign products and services, thereby enhancing the internationalization of consumption [3][5]. - Consumption focused on developmental areas such as education, healthcare, elderly care, and cultural sports entertainment is considered both consumption and investment, as investing in people supports human capital and innovation [3][5]. Economic Growth Focus - The importance of consumption in driving economic growth has shifted, with a current and future emphasis on consumption rather than investment as the primary means of stabilizing growth [3][5].