Core Insights - The forum discussed the new challenges and necessary reforms for the Chinese economy, emphasizing the need to boost consumption by removing administrative restrictions on spending [1][3] Group 1: Economic Challenges - The primary bottleneck in domestic circulation is insufficient effective demand, attributed to various factors such as weak consumer willingness, declining income growth expectations, and reduced risk appetite among market entities [3] - The growth mechanism for domestic demand is inadequate, facing systemic obstacles and administrative restrictions that limit diverse consumption needs [3] Group 2: Recommendations for Boosting Consumption - To stimulate consumption and expand domestic demand, it is essential to improve the institutional mechanisms that promote consumption, respect consumer choice, and eliminate arbitrary administrative interventions [3] - The current effective and direct approach to boost consumption is to remove restrictions like purchase limits, enabling affluent consumers to spend, which can subsequently drive market activity and economic recovery [3]