More measures to spur consumption

0 Comment(s)Print E-mail China Daily, April 19, 2022
Adjust font size:
A customer selects goods at a market in Nanjing, east China's Jiangsu Province, Jan. 12, 2022. [Photo/Xinhua]

China's consumer goods market is expected to maintain growth momentum this year, fueled by the rising per capita disposable incomes of Chinese residents and more supportive policies to shore up consumption in the pipeline, amid headwinds from external uncertainties and a resurgence in domestic COVID-19 cases, experts said.

They also said more prompt and effective measures like accelerating the integration of online and offline consumption, and encouraging the purchase of automobiles and home appliances, should be taken to further spur consumption and unleash consumers' purchasing power.

The National Bureau of Statistics said on Monday that total retail sales of consumer goods, a vital consumption indicator, reached 3.4 trillion yuan ($533.5 billion) in March, down by 3.5 percent year-on-year.

In the first quarter, the indicator stood at 10.9 trillion yuan, up 3.3 percent year-on-year, while the online retail sales rose by 6.6 percent year-on-year to 3 trillion yuan during the January-March period, the NBS said.

"China's consumer market is expected to continue its recovery. Although the growth of consumption has been dampened by the latest resurgence of COVID-19 cases in some major cities, its recovery momentum will not change," said Fu Linghui, a spokesman of the NBS, at a news conference in Beijing.

Fu noted consumption has served as the bedrock for China's stable economic growth, and the final consumption expenditure contributed 69.4 percent to the country's economic growth in the first quarter, driving GDP growth by 3.3 percentage points.

According to him, residents' purchasing power and willingness to spend will be lifted as the COVID-19 outbreak increasingly comes under better control and the government's continuous efforts to stabilize and expand employment bear fruit.

Meanwhile, the country will actively promote the consumption of new energy vehicles as well as green and smart home appliances, bolster the in-depth integration of online and offline consumption, foster new forms and models of consumption, and stimulate consumption in townships and rural areas, Fu said.

"Consumption plays a fundamental role in China's economic development and is the main driving force boosting economic growth," said Wang Yun, a researcher with the Academy of Macroeconomic Research.

The recovery of consumption is facing mounting challenges and difficulties amid the resurgent domestic COVID-19 cases, Wang said.

More efforts are needed to unleash the consumption potential in automobiles and ease restrictions on home purchases so as to promote the recovery of consumption and stabilize economic growth, Wang said.

China will roll out measures to boost consumption, as part of efforts to keep economic fundamentals stable to ensure and improve people's livelihoods, according to an executive meeting of the State Council, China's Cabinet, held last week.

The meeting noted that consumption in the services sector, such as medical, health, elderly and child care, should be propelled, and spending on home appliances, automobiles, and other big-ticket items will be encouraged.

Zhao Ping, deputy head of the Beijing-based Academy of China Council for the Promotion of International Trade, said the growth rate of per capita consumption expenditure is higher than that of per capita disposable income in the first quarter, which means consumer purchasing power and willingness to buy has seen rapid growth and laid a solid foundation for the recovery and growth of consumption.

Zhao called for more efforts to encourage enterprises to leverage new-generation information technologies like big data, cloud computing and artificial intelligence to create new types of green and intelligent consumer goods, and cultivate new consumption growth points.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 97热久久免费频精品99| 久久精品2020| 狠狠穞老司机的福67194| 啊灬啊灬啊快日出水了| 黄网页在线观看| 国产精品成熟老女人视频| 99精品久久99久久久久| 巨大破瓜肉h强| 中文字幕影片免费在线观看| 日韩avapp| 亚欧洲精品bb| 欧美中文字幕在线视频| 亚洲日本一区二区三区在线不卡| 激情婷婷六月天| 免费少妇荡乳情欲视频| 美女把尿口扒开让男人添| 国产三级第一页| 青柠直播视频在线观看网| 国产欧美日韩综合精品一区二区| 2019中文字幕在线观看| 国产视频一区在线观看| 99久久伊人精品综合观看| 天天干天天拍天天操| www性久久久com| 富女玩鸭子一级毛片| 丁香狠狠色婷婷久久综合| 手机av在线播放| 丰满人妻一区二区三区视频53| 日本边添边摸边做边爱边| 久久精品人妻中文系列| 日韩精品无码一区二区三区AV | 国产乱XXXXX97国语对白| 麻豆aⅴ精品无码一区二区| 国产成人精品免费视频大全办公室| 五月天综合视频| 国产真实伦在线观看| www.精品国产| 国产狂喷潮在线观看| 日韩毛片基地一区二区三区| 国产激情无码视频在线播放性色 | 波多野结衣在线不卡|