Core Viewpoint - The article emphasizes the importance of improving the income distribution structure to stimulate consumption and promote economic growth in China, suggesting that enhancing disposable income for residents is crucial for driving internal demand and economic recovery [1][2][3]. Group 1: Economic Growth and Income Distribution - The relationship between macro income distribution structure and economic growth is a long-standing research theme, indicating that the distribution of income among enterprises, government, and households can significantly influence economic growth through consumption and investment [6][7]. - China's current economic challenges include over-investment and under-consumption, with a low share of disposable income for residents compared to developed countries, which hinders consumption growth [11][14][17]. - The article highlights that the income distribution structure in China has been increasingly skewed, with a significant gap between urban and rural incomes, necessitating government intervention through effective redistribution mechanisms [7][8][14]. Group 2: Policy Recommendations - To stimulate consumption and economic growth, the article suggests increasing transfer payments to households, optimizing government spending, and reforming the tax system to enhance disposable income [4][22][25]. - Specific measures include raising the personal income tax threshold, reducing tax rates for low- and middle-income groups, and improving the transfer payment system to ensure funds reach those in need [26][27]. - The article advocates for a balanced approach in fiscal policy, emphasizing the need to support both consumption and investment while addressing social welfare and public service spending [40][41]. Group 3: Consumption Structure and Service Sector - The article notes that service consumption is on the rise globally, and China should aim to increase the share of service consumption in total household expenditure, which currently lags behind developed countries [29][31]. - It suggests that government purchases can stimulate market supply and related investments, particularly in the service sector, to enhance overall economic demand [32][33]. - The article also emphasizes the need for tax reforms that align with economic structure adjustments, supporting modern industries and consumption upgrades [33][34].
盛松成:如何通过再分配提振消费、促进经济增长 | 宏观经济
清华金融评论·2025-04-23 10:30