相关报告：智研咨询发布的《2025-2031年中国共享经济行业市场研究分析及投资前景预测报告》 2025第2季度，全国居民人均生活用品及服务支出累计为804元，累计增长9%；城镇居民人均生活用品 及服务支出累计为979元，累计增长8.8%；农村居民人均生活用品及服务支出累计为557元，累计增长 8.5%。 数据来源：国家统计局 数据来源：国家统计局 ...

Consumption Insights - China's final consumption expenditure accounted for 56.6% of GDP in 2024, with household consumption at 70.6% and government consumption at 29.4%[9] - The nominal growth of final consumption expenditure in 2024 was only 3.9%, the second-lowest since 1995, while actual growth was 3.7%[26] - Government consumption expenditure growth was particularly weak, with a nominal increase of just 0.7% in 2024, compared to a 5.0% increase in household consumption[26] Economic Factors - The contribution of final consumption expenditure to GDP growth was 44.5% in 2024, down from over 50% in most years since 2011[25] - The decline in household consumption growth is attributed to slowing income growth, particularly in property and transfer income, which saw declines of 5.44% and 5.00% respectively[36] - The wealth effect has weakened due to a downturn in the real estate market, impacting consumer spending[46] Policy Recommendations - Short-term strategies to boost consumption include enhancing government fiscal capacity, increasing transfer income for residents, and improving the nominal growth environment[57] - Long-term strategies focus on reforming income distribution systems and promoting urbanization as key drivers for consumption growth[57] - Strengthening fiscal policy is essential, as local government leverage reached a historical high of 36.8% by early 2025, indicating a need for central government intervention[58] Consumer Sentiment - Consumer confidence remains low, with the consumer confidence index at 88% and the consumer expectation index at 89.5% as of May 2025, both below the neutral level of 100%[47] - The Engel coefficient for urban residents was 28.8% in 2024, indicating a rise in basic consumption needs relative to total consumption[49]

Income Analysis - The per capita disposable income in Sichuan reached 18,779 yuan in the first half of 2025, showing a nominal increase of 5.6% year-on-year and a real increase of 5.8% after adjusting for price factors [3][4] - The main sources of income, including wage income, operating net income, and transfer net income, all maintained growth, with nominal increases of 6.4%, 5.3%, and 5.8% respectively [3][4] - Wage income remains the primary support for income growth, accounting for 52.2% of per capita disposable income and contributing 58.5% to the increase [3] Consumption Analysis - Per capita consumption expenditure in Sichuan was 12,208 yuan in the first half of 2025, with a nominal growth of 6.2% and a real growth of 6.4% after price adjustments [4] - Rural residents experienced faster consumption growth compared to urban residents, and service consumption remained active, with all eight categories of consumption showing growth [4] - Per capita service consumption expenditure reached 5,295 yuan, growing by 6.8%, and service consumption accounted for 43.4% of total consumption expenditure [4] Price Trends - The consumer price index (CPI) in Sichuan decreased by 0.2% year-on-year, consistent with national trends, while the core CPI, excluding food and energy prices, increased by 0.3% [5] - Positive changes in CPI were noted in June, indicating a potential improvement in the weak CPI trend, with the core CPI rising by 0.5% year-on-year [5] - The decline in pork prices was attributed to increased supply and seasonal demand fluctuations post-Chinese New Year [5]

Economic Overview - In the first half of the year, the per capita disposable income of residents reached 21,840 yuan, representing a nominal increase of 5.3% year-on-year, and a real increase of 5.4% after adjusting for price factors [1] - The per capita disposable income for urban residents was 28,844 yuan, while for rural residents it was 11,936 yuan, indicating a gradual narrowing of the income gap between urban and rural areas [1] Income Sources - The growth in disposable income is primarily supported by rapid increases in wage income, net operating income, and net transfer income [4] - The per capita wage income was 12,628 yuan, up 5.7% year-on-year, which is 0.4 percentage points faster than the overall income growth rate [4] - The per capita net transfer income rose to 3,980 yuan, an increase of 5.6%, while net operating income was 3,407 yuan, growing at 5.3% [4] Consumption Expenditure - The per capita consumption expenditure for residents was 14,309 yuan, with a nominal increase of 5.2% and a real increase of 5.3% year-on-year [5] - Urban residents had a per capita consumption expenditure of 17,545 yuan, while rural residents spent 9,733 yuan [5] Spending Patterns - The largest portion of consumption expenditure was on food, tobacco, and alcohol, amounting to 4,355 yuan, which accounted for 30.4% of total spending [5] - Housing expenses were the second largest at 3,092 yuan, making up 21.6% of total consumption [5] - Other significant categories included transportation and communication (1,972 yuan, 13.8%), education and entertainment (1,499 yuan, 10.5%), and healthcare (1,314 yuan, 9.2%) [5] Consumption Trends - The structure of consumption expenditure shows rapid growth in spending on daily necessities, transportation, education, and entertainment, driven by policies promoting consumption upgrades and a vibrant tourism market [8] - The growth in per capita disposable income outpaced GDP growth and per capita consumption expenditure growth, indicating a positive cycle of agricultural efficiency, rural vitality, and increased farmer income [8]

Income Overview - In the first quarter, the national per capita disposable income reached 12,179 yuan, representing a nominal growth of 5.5% year-on-year, and a real growth of 5.6% after adjusting for price factors [1][6] - Urban residents had a per capita disposable income of 15,887 yuan, with a nominal growth of 4.9% and a real growth of 5.0%, while rural residents had a per capita disposable income of 7,003 yuan, showing a nominal growth of 6.2% and a real growth of 6.5% [1][6] - The per capita disposable income from wages was 6,976 yuan, growing by 5.9%, accounting for 57.3% of the total disposable income [1][6] Income Sources - The per capita net operating income was 2,071 yuan, increasing by 5.7%, making up 17.0% of the disposable income [1][6] - Per capita net property income was 1,015 yuan, with a growth of 2.7%, contributing 8.3% to the disposable income [1][6] - Per capita net transfer income was 2,117 yuan, growing by 5.5%, representing 17.4% of the disposable income [1][6] Median Income - The national median per capita disposable income was 9,939 yuan, with a growth of 5.0%, which is 81.6% of the average income [1][6] - The median for urban residents was 13,450 yuan, growing by 4.5%, accounting for 84.7% of the average income, while for rural residents, it was 5,575 yuan, with a growth of 6.3%, representing 79.6% of the average income [1][6] Consumption Expenditure Overview - In the first quarter, the national per capita consumption expenditure was 7,681 yuan, showing a nominal growth of 5.2% and a real growth of 5.3% after adjusting for price factors [4][6] - Urban residents had a per capita consumption expenditure of 9,363 yuan, with a nominal growth of 4.7% and a real growth of 4.8%, while rural residents had a per capita consumption expenditure of 5,333 yuan, reflecting a nominal growth of 5.6% and a real growth of 5.9% [4][6] Consumption Categories - Per capita expenditure on food, tobacco, and alcohol was 2,420 yuan, growing by 2.8%, accounting for 31.5% of total consumption expenditure [4][7] - Per capita expenditure on clothing was 498 yuan, with a growth of 1.2%, making up 6.5% of total consumption [4][7] - Per capita expenditure on transportation and communication was 1,044 yuan, increasing by 10.4%, representing 13.6% of total consumption [4][7] - Per capita expenditure on education, culture, and entertainment was 823 yuan, growing by 13.9%, accounting for 10.7% of total consumption [4][7]