Experts talk | Wang Yun, a researcher at the China Macroeconomic Research Institute: The increase in domestic consumption stable growth will continue to expand

Author:National Development Reform Co Time:2022.06.16

Deputy Director, Researcher, and Development and Reform of the Institute of Foreign Economic Research Institute of China Macroeconomic Research Institute

Since the beginning of this year, promoting consumption has become one of the important starting points for steady growth. Wang Yun, deputy director of the China Institute of Macroeconomic Research Institute, said in an interview with a reporter from the Finance News Agency that since May, with the impact of the epidemic, the order of life is gradually recovered, and various expansion of internal demand to promote consumption policy has accelerated The effectiveness of the landing, temporarily inhibited consumer demand was released in an orderly manner, and the growth of consumption stable growth has increased significantly.

Wang Yun pointed out that from the mid -to -long term, with the continuous growth of economic development and residents' income, the trend of consumption towards development, quality, and diversified upgrades will not change. Expanding the quality of people's lives will steadily improve, and the leading role of consumption on economic cycle will further enhance.

Steading consumption growth growth is significantly enhanced

Recently, consumption such as residential and transportation has gradually recovered. In terms of residential consumption, in accordance with the basic principles of "housing and not frying", due to urban policy support to support rigidity and improvement, the market for commercial housing in major cities is obvious, and the growth trend has been strengthened from the previous month.

In addition, under the effect of halving the acquisition tax, purchase subsidy, increasing annual car purchase indicators such as the coordination of the annual car purchase indicators, the demand for car purchases suppressed by the epidemic is quickly activated. The average sales of the first Sunday increased by 6%year -on -year compared to the first week of May, and the market continued to pick up.

At the same time, online and offline consumption and frequency linkage promote the effects of effectively release demand. This year, the major e -commerce platforms have increased the promotion of the "6 · 18" shopping festival, combined with offline physical stores, strengthened cooperation with local governments, realized online and offline consumption and frequency linkage, and promoted market recovery.

JD data shows that the turnover of four hours after the official start of "June 18" on May 31 will exceed June 1, 2021; Suning Tesco data shows that the first week of promotion, the sales of high -end home appliances in the store increased year -on -year 57%.

During the Dragon Boat Festival holiday, the national express delivery "section" increased by 17%and 13.1%year -on -year, respectively. VAT invoices showed that comprehensive retail sales of department stores, supermarkets, and convenience stores increased by 16.5%year -on -year.

Under the support of multiple policy support

Wang Yun pointed out that stabilizing consumption must first boost consumer confidence. Since late April, the strengthening policies such as focusing on employment, stabilizing prices, and promoting consumption have gone forward, and have played an important role in stabilizing market expectations and boosting consumer confidence.

In addition, the national level has increased the efforts to help market entities, increase the policy of stabilizing the job of unemployment insurance, retained workers, and subsidies for retained workers, and accelerate the improvement of the guarantee measures of social people's livelihood. And income expectations have increased consumption "confidence" and confidence, and "fireworks" of socio -economic development will become more prosperous.

Therefore, from the long -term perspective, with the continuous growth of economic development and residents' income, the trend of consumption towards development, quality, and diversified upgrades will not change. The characteristics of sufficient consumption potential and strong toughness have not changed. my country's consumption scale will continue to expand, the people will continue to expand, the people will continue The quality of life will be steadily improved, and the leading role of consumption on the economic cycle will be further enhanced.

Multiple aspects of planning measures continue to consolidate consumption restoration growth trend

Consumption is a stabilizer and cockpit stone for economic growth. The stability of consumption is decisive for stabilizing economic growth. Wang Yun believes that the next step to continue to consolidate consumption recovery growth trend can be planned in the following aspects:

First of all, we must boost consumption confidence and stabilize consumption expectations. It is necessary to not only grasp the measures for employment related to employment to increase the expectations of stable income and consumption power, but also boost the confidence of safety consumption, improve the precision of the epidemic prevention and control, and create a safe and convenient consumer environment.

Secondly, it is necessary to further unblock consumer channels to ensure that consumer goods can reach consumers efficiently. While promoting the re -production and re -production, it is necessary to pay attention to all aspects of the supply and marketing, and continue to support the integration and development of online and offline.

In addition, it is necessary to accelerate the implementation of relevant reforms and measures for the construction of a unified market in the country, and provide a solid foundation for consumer recovery growth. Deepen the supply -side reform, focus on the main directions and content of residents' consumption upgrades, strengthen the construction of commodity quality, brand and standards, increase reforms in the field of service consumption, and promote domestic products and service supply to improve quality upgrades.

Implement measures to help small and micro enterprises

Affected by the epidemic, the main body of the consumer service market, especially small and micro enterprises, generally faces business difficulties such as a sharp decline in income and increased rigid cost pressure. It is the focus of policy assistance. Wang Yun pointed out that the next step should be implemented to help small and micro enterprises.

She suggested that the first is to effectively help reduce the operating cost of the market. Guide localities to accelerate the implementation of policies such as tax refund, rent reduction, and subsidies for water and electricity, and promote the methods such as "exempting and exemption" and "exemption to enjoy" to improve policy efficiency.

In addition, it is necessary to guide localities to provide certain subsidies for the prevention and anti -killing of enterprises such as accommodation catering, wholesale and retail, cultural tourism, transportation, transportation, and transportation. It can be given grading subsidies in accordance with the actual operation scale of the enterprise under the premise of ensuring the requirements of the anti -killing requirements.

In addition, we need to guide financial institutions to increase loans, and actively use tools such as re -loan and discounting to support small and medium -sized enterprises to re -production. Guide localities to carry out a series of activities that promote service consumption in combination with actual situation, support market entities to improve service quality and rich service content, and create a good consumer environment. (Reporter Zhang Xiaoyu)

Original title: Experts talk about Wang Yun, a researcher at the China Macroeconomic Research Institute: The growth trend of domestic consumption stable growth will continue to expand

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