Digital consumption, green consumption and healthy consumption have become new consumption trends.
Politburo meeting of the Chinese Communist Party clearly emphasized that in the second half of the year, we should focus on boosting consumption to expand domestic demand, and the focus of economic policies should shift more to benefiting people’s livelihood and promoting consumption. Talking about the economic trend in the next stage, Liu Aihua said that from the demand side, market potential and policy effectiveness are expected to drive domestic demand to continue to recover. The market is the scarcest resource. China has a population of over 1.4 billion, and its per capita GDP has exceeded 12,000 dollars for three consecutive years. At present, it is in the period of accelerating the release of consumption potential. The recently issued Opinions on Promoting High-quality Development of Service Consumption and Several Measures on Strengthening Support for Large-scale Equipment Renewal and Trade-in of Consumer Goods will be gradually implemented, and with the arrival of Mid-Autumn Festival, National Day, New Year’s Day and other holidays in the next stage, the potential of domestic consumer market is expected to be further released.