金融大家评 | 如何大力提振消费？

Core Viewpoint - The article emphasizes the necessity of boosting consumer spending as a strategic choice to enhance domestic circulation and internal economic growth dynamics, particularly in the context of China's transition to high-quality development [3][5]. Group 1: Importance of Boosting Consumption - Strengthening consumer spending is crucial for expanding domestic demand and stimulating production scale, which can lead to economic structure optimization [3]. - Consumer spending contributed 53.5% to economic growth in the first three quarters of 2025, reinforcing its role as the primary driver of economic development [4]. Group 2: Reasons for Weak Consumer Spending - The weak consumer spending in China is closely linked to the traditional allocation of public resources, which has historically favored supply-side initiatives over demand-side support [6]. - The low share of household income in the national income distribution is a significant factor contributing to the low consumer spending rate, with households accounting for only 60.6% of national income compared to the global average [7][8]. Group 3: Measures to Enhance Consumer Spending - Improving the income distribution mechanism is essential for establishing a long-term mechanism to boost consumer spending, including increasing labor compensation and optimizing tax structures [9]. - Expanding social security and public service investments can effectively release consumer potential and support spending growth [9]. Group 4: Challenges to Overcome for Increased Consumption - The article identifies three major challenges: the long-term trend of slowing GDP and disposable income growth, the significant income disparity among residents, and the rapid aging of the population [10][11][12][13]. - Addressing these challenges is critical for maintaining a stable consumer spending rate that aligns with economic development stages and avoiding potential economic slowdowns [10][11].