好书推荐·赠书|《消费繁荣与中国未来》

Core Viewpoint - The article emphasizes the need for a systemic solution to address the "pain of macro consumption suppression" and "insufficient total demand" in China's economy, proposing a transition from an investment-driven model to a consumption-driven one, which requires significant policy and structural reforms [1]. Summary by Sections Introduction - The introduction discusses the historical context of China's economic challenges and the necessity of finding appropriate remedies for total demand insufficiency [8]. Chapter 1: Pain of Consumption Suppression - This chapter outlines the severe consequences of consumption suppression, the challenges of transitioning to a consumption-oriented society, and the deep-rooted causes behind consumption suppression [10]. Chapter 2: Overinvestment Trap - It highlights the unsustainability of investment-driven growth, drawing lessons from historical examples of overinvestment in countries like the Soviet Union and Japan [9]. Chapter 3: The Dilemma of Insufficient Total Demand - The chapter argues that while overcapacity is relative, total demand insufficiency is absolute, and it explores historical efforts to overcome this issue [10]. Chapter 4: Transitioning Fiscal Policy to Promote Consumption - This section discusses the shift from construction-focused fiscal policy to a welfare-oriented fiscal policy, proposing a consumption prosperity plan worth 10 trillion yuan [11]. Chapter 5: Monetary Policy to Expand Domestic Demand - It examines the challenges of transitioning China's monetary policy to support domestic demand expansion, emphasizing the need for new goals and mechanisms [12]. Chapter 6: Deepening Reforms to Increase Resident Income - The chapter identifies the low proportion of disposable income among residents as a critical issue and suggests that income reform is essential for boosting consumption [15]. Chapter 7: Development of the Service Industry - It argues that promoting consumption prosperity must start with the service industry, which has been slow to develop and exacerbates total demand insufficiency [15]. Chapter 8: The Role of the Private Economy - This section discusses how the growth of the private economy is vital for increasing resident income and stimulating consumption [15]. Chapter 9: Creating New Demand through Innovation - The final chapter focuses on how innovation can unlock new demand and drive consumption prosperity [15].