Core Viewpoint - "Boosting consumption" is not just a consumption issue but a key point for China's transformation over the next decade, impacting fiscal policy, monetary policy mechanisms, income distribution, and sustainable economic growth [2][5]. Group 1: Current Economic Challenges - The main contradiction restricting China's economic development is insufficient domestic demand, making "boosting consumption" a long-term national strategy [5]. - China is currently trapped in an "over-investment trap," with excessive investments in real estate, infrastructure, and manufacturing, leading to diminishing returns [5][6]. - The recognition of the need to boost consumption has improved, but actual actions require further strengthening [5][6]. Group 2: Policy Recommendations - There is a call to redirect funds from inefficient and ineffective investments to boost consumption and shift societal decision-making from "heavy investment, light consumption" to a more balanced approach [6]. - Increasing disposable income and social security for low- and middle-income residents is essential to encourage consumption [6]. - New monetary policy mechanisms should be explored, including potential zero or negative interest rates to stimulate economic recovery, as seen in the U.S., Japan, and Europe [8]. Group 3: Future Consumption Trends - New supply creates new demand, with innovations in products, services, and consumption methods driving future consumption [8][9]. - Emerging consumption trends, such as new products and methods exemplified by brands like Pop Mart, indicate that basic consumption needs have limited growth potential, but new consumption forms will continuously drive demand [9]. - The advent of technologies like artificial intelligence is expected to generate significant new demand, reshaping lifestyles and consumption patterns [9].

Group 1 - The article highlights the insights of ten economists who analyze various dimensions of China's economic development, influencing policy-making and market trends [1][22] - Emphasis is placed on the importance of technology and healthcare industries as key drivers for future economic growth, advocating for increased investment in these sectors [2] - The need for financial innovation to closely align with the real economy is stressed, suggesting that financial resources should empower real economic development [2] Group 2 - The role of government in economic development is explored, with a focus on long-term growth drivers such as technological innovation and industrial upgrading [4] - Recommendations include deepening reforms to enhance resource allocation efficiency and releasing market vitality [4] - The article discusses the importance of fiscal and monetary policy coordination to address economic cycles and promote high-quality growth [4] Group 3 - The significance of regional coordination and the cultivation of new growth poles, such as national central cities and metropolitan areas, is emphasized for regional economic development [7] - The article advocates for the optimization and upgrading of industrial structures, promoting the digital transformation of traditional industries [7] Group 4 - The necessity of a modern fiscal system is highlighted, with a focus on optimizing fiscal expenditure structures and improving the efficiency of fiscal fund utilization [5] - The article discusses the importance of social equity and harmony through public service equalization and increased investment in people's livelihoods [5] Group 5 - The article addresses the need for China to actively participate in global trade rule-making and promote trade liberalization [14] - Strategies to cope with trade frictions and protect the legitimate rights of Chinese enterprises are also discussed [14] Group 6 - The article emphasizes the importance of supply-side reforms to stimulate economic growth, including tax reductions and optimizing tax structures [16] - Investment in technology innovation and infrastructure is recommended to foster new economic growth points [16] Group 7 - The article discusses the construction of a multi-center networked regional development pattern to promote coordinated regional development [18] - The focus is on enhancing urban quality and management, promoting urban function improvement, and achieving coordinated development of population, economy, and resources [18] Group 8 - The article highlights the need for a systematic approach to new urbanization, emphasizing the interaction between new industrialization, urbanization, and rural revitalization [20] - The role of small towns in urban-rural integration is also underscored [20]