一财社论：以富民扩消费

Core Viewpoint - The article emphasizes the importance of enhancing consumption as a fundamental driver of China's economic stability, highlighting the need for improved supply-demand matching to unlock consumption potential and facilitate economic circulation [2][3]. Group 1: Consumption and Economic Strategy - Recent government meetings have focused on consumption, aiming to enhance supply-demand adaptability as a means to release consumption potential and promote economic circulation [2]. - The article discusses the role of fiscal and monetary policies in creating a consumption-friendly environment, which has significantly reduced the costs and difficulties associated with supply-demand matching [2][3]. - The emphasis on consumption reflects a strategic recognition of long-standing supply-demand mismatches, indicating that "investing in people" is now a fundamental economic strategy rather than a temporary measure [3]. Group 2: Current Market Conditions - Data from the National Bureau of Statistics shows that in October, the total retail sales of consumer goods reached 46,291 billion yuan, growing by 2.9% year-on-year, a slight decrease from September's 3% [3]. - Specific sectors such as home appliances and automotive retail have seen declines of 14.6% and 6.6% respectively, while basic necessities like grain and oil have experienced faster growth [3]. Group 3: Consumer Preferences and Market Dynamics - The article argues that disposable income is a necessary condition for effective demand, and a new institutional framework that respects consumer preferences is essential for sustainable demand growth [4]. - It highlights the need for a consumer rights protection system that aligns with market price signals, facilitating better supply-demand matching and enhancing market transactions [4]. - The article posits that recognizing and fulfilling individual consumer preferences can drive economic activity and innovation, leading to a more vibrant market [4]. Group 4: Long-term Economic Implications - The strategy of enhancing supply-demand adaptability and focusing on "investing in people" is expected to not only unlock consumption potential but also invigorate overall economic vitality [4]. - This approach aims to activate existing assets and strengthen China's economic foundation, thereby improving its competitiveness and leadership in the international market [4].