马上评｜从“首破50万亿”看见中国消费的活力与潜力

Group 1 - The total retail sales of consumer goods in China surpassed 50 trillion yuan in 2025, reaching 50,120.2 billion yuan, with a year-on-year growth of 3.7% [2] - Online retail sales amounted to 15,972.2 billion yuan, reflecting a year-on-year increase of 8.6%, contributing to 52.0% of economic growth, which is a 5 percentage point increase from 2024 [2] - The growth in consumer spending is seen as a key driver of China's economic growth, showcasing the strong vitality and internal momentum of the economy [2] Group 2 - Service consumption retail sales accelerated significantly, growing by 5.5% year-on-year, outpacing goods retail sales by 1.7 percentage points, with tourism, health, and education services emerging as new growth points [3] - The shift from "having" to "quality" is evident, particularly in the automotive sector, where production and sales reached 34.53 million and 34.40 million units respectively, marking increases of 10.4% and 9.4% year-on-year, with new energy vehicle sales growing by 19.8% [4] - The consumption market is increasingly focused on quality, with online retail continuing to grow rapidly, achieving an 8.6% year-on-year increase, and new retail models like unmanned stores and membership warehouses also seeing double-digit growth [5] Group 3 - The expansion of the consumption market, especially in service consumption and quality consumption, is providing sustained momentum for high-quality economic development in China [6] - There is significant potential for growth in the consumption rate, which currently stands at about 40%, indicating a gap of 10-20 percentage points compared to developed countries [6] - Recent policies aimed at stimulating consumption include optimizing product and service supply, enhancing consumer capacity and willingness, and improving the consumption experience [6] Group 4 - The focus on increasing residents' income is crucial for unlocking social consumption potential, with ongoing research into plans for job stability and income growth for urban and rural residents [7] - As residents' disposable income increases, their confidence in consumption is expected to strengthen [8]