Core Viewpoint - The article emphasizes the importance of transitioning to a consumption-driven economy in China, highlighting the need for sustainable income growth, diverse consumer choices, and strong consumer confidence to achieve high-quality economic development [3][4][5]. Group 1: Consumption Demand and Supply - Consumption demand is driven by individual choices and purchasing power, which are linked to stable income levels. Short-term stimulus policies may only provide temporary relief without lasting improvements in purchasing power [4][5]. - The shift in consumption patterns indicates a move from goods to services, with service consumption projected to account for 46.1% of per capita consumption expenditure by 2024, aligning with international trends [6][11]. Group 2: Government Role and Policy Recommendations - The government can enhance consumer choices by improving the institutional environment and optimizing the supply of goods and services. Employment-focused macro policies are essential for increasing disposable income and stabilizing consumer expectations [5][8]. - Strategies should include deregulation, expanding service supply, and reducing macro tax burdens to invest more in human capital, which is crucial for stabilizing consumption and achieving consumption upgrades [5][7]. Group 3: Enhancing Consumer Confidence and Income - The net wealth flow and disposable income of residents are influenced by initial and secondary distribution of national wealth, with a focus on reducing the macro tax burden to enhance consumer purchasing power [8][9]. - Addressing residents' debt and interest payments through multi-channel policies can significantly improve long-term consumption capacity [9]. Group 4: Investment in Human Capital - Social investment aimed at enhancing human capital is critical for economic growth and social progress. This includes investments in education, healthcare, and community development, which are essential for fostering new consumption patterns [10][11]. - The transition from material to human investment is necessary to support the growth of a consumption-oriented society, emphasizing the importance of continuous skill training and education for workers [10][11].

Core Viewpoint - China is accelerating the construction of a new development pattern, gradually forming a "consumer society" model that is shared by all, emphasizing consumer-driven growth through continuous consumption upgrades [1][8]. Group 1: Consumer Demand and Supply - Consumer demand is inherently linked to individual choices and purchasing power, which is related to sustainable income levels. Short-term stimulus policies may temporarily improve purchasing power but do not lead to lasting improvements [2][3]. - The shift in consumption structure indicates that residents are moving from a focus on goods to a balanced consumption of goods and services, with service consumption projected to reach 46.1% of per capita consumption expenditure by 2024 [4][8]. Group 2: Government Role and Economic Policy - The government can enhance consumer choice by improving the institutional environment and optimizing the supply of goods and services. Employment-focused macro policies can stabilize income and expectations, which are crucial for consumer confidence [3][5]. - Economic policies should shift towards supply-side strategies, reducing macro tax burdens and investing more resources in human capital to stabilize consumption and achieve consumption upgrades [3][6]. Group 3: Investment in Human Capital - Social investment is essential for enhancing human capital, which is increasingly important as China transitions to a high-quality development phase. Investment in education, healthcare, and community services will be vital for fostering new consumption patterns [7][8]. - The focus on improving labor quality through continuous training and education will help expand the middle-income group, laying the foundation for a consumption-driven society [7][8].