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].

Core Viewpoint - The State Council meeting emphasizes the importance of implementing Xi Jinping's speech on the economic situation in the first half of the year and the work for the second half, focusing on enhancing responsibility and mission to ensure economic recovery and growth [1] Economic Policy and Strategy - The meeting highlights the need to strengthen the effectiveness of macroeconomic policies and tackle challenges to achieve annual development goals [1] - There is a call for deeper reforms in key areas to stimulate internal economic growth and improve the business environment [1] Risk Management and Safety - The meeting stresses the importance of balancing development and safety, ensuring that systemic risks are avoided, and implementing detailed measures for disaster response and public safety [1]