把提振消费，放在更突出位置！消费不再是慢变量

Core Viewpoint - The government work report emphasizes the importance of boosting consumption as a primary task for 2025, highlighting the need for policies that stimulate domestic demand and enhance consumer spending [1][10]. Group 1: Economic Indicators and Policies - The report indicates that the consumer price index remains stable, and the commercial service industry’s added value has grown by over 10%, reflecting significant growth in overall consumer spending [1]. - In 2024, various consumption promotion policies are expected to support a growth rate of over 12% in equipment updates and home appliance sales [1]. - The government plans to implement a special action to boost consumption, including measures to enhance consumer capacity, increase quality supply, and improve the consumption environment [4]. Group 2: Income and Employment - The report stresses the need to promote income growth through multiple channels, particularly for middle and low-income groups, and to improve the normal growth mechanism of workers' wages [5] [11]. - The government aims to address structural contradictions in consumption supply and emphasizes the importance of leading and creating demand [11]. Group 3: Specific Initiatives - A special long-term bond of 300 billion yuan will be allocated to support the replacement of old consumer goods [6][3]. - The "old-for-new" policy has effectively driven sales, with related product sales exceeding 1 trillion yuan as of December 2024, particularly boosting the home appliance sector [7]. - The report suggests expanding the participation of small and medium-sized businesses in rural areas in the "old-for-new" program to ensure accessibility for consumers in remote areas [7]. Group 4: Service Sector and Consumption Environment - The government plans to expand the supply of diverse services such as health, elderly care, childcare, and housekeeping by relaxing entry restrictions and optimizing regulations [8]. - The report highlights the potential for growth in the nutrition, health, and beauty sectors, providing opportunities for foreign enterprises in China [8]. - Measures will be taken to enhance consumer rights protection and create a safe consumption environment [11].