《清华金融评论》 | 封面专题：“大力提振消费 全方位扩大国内需求”

Core Viewpoint - The article emphasizes the importance of boosting consumption and expanding domestic demand as a fundamental driver for economic growth in China, highlighting recent government initiatives aimed at enhancing financial support for consumer spending [2][4]. Group 1: Government Initiatives - The People's Bank of China and other government departments have jointly issued guidelines to support and stimulate consumption, focusing on improving financial services in the consumer sector [3]. - The guidelines stress the need for structural monetary policy tools to incentivize credit support for key service consumption areas and to develop diversified financing channels [3][4]. - The government aims to enhance consumer payment services and strengthen the credit system within the consumption sector [4]. Group 2: Economic Context - Internal demand is identified as a fundamental driving force for economic development, with a specific focus on addressing the shortfall in consumption as a major issue facing the economy [4][5]. - In the first half of 2025, the contribution rate of internal demand to economic growth increased by 6.3 percentage points compared to the fourth quarter of 2024, indicating a significant upward trend [5]. - The contribution rate of internal demand to economic growth for the entire year of 2024 was 69.7%, while it reached 86.1% in the first half of 2024, underscoring the critical role of consumption in economic stability [5]. Group 3: Policy Framework - The article discusses a comprehensive policy framework aimed at enhancing consumption through fiscal, tax, and financial measures, leveraging market forces to improve living standards and stimulate consumer spending [5]. - The focus is on creating a conducive environment for consumption by increasing quality supply and improving the overall consumption environment [4][5]. - The article highlights the need for targeted policies to effectively address the structural issues related to insufficient consumption [6].