China boosted consumption to stimulate economic recovery

British Reuters reported on September 19 that the original title: China will stimulate economic recovery by speeding up projects and boosting consumption

Although the Chinese economy reappeared last month, China's planning agencies still stated this week that it will accelerate the launch of funds to promote the construction of the project as soon as possible and promote domestic consumption.

In the second quarter of this year, under factors such as the downturn in the property market and the slowdown in import and export, the growth rate of the world's second largest economy slowed down significantly. However, the Chinese economy still showed amazing toughness in August. The increase in industrial added value of industries above designated size and the growth of total retail sales of consumer goods in the country was almost expected.

Shanghai stated that it would issue 100 million yuan consumer coupon to residents in order to use the main shopping area in the city. Hainan Province also stated that it will issue a consumer voucher with a total of 100 million yuan to make consumption the main driving force for local recovery. Since late May this year, China has introduced a series of measures to boost the domestic economy that has been seriously affected by the epidemic.

The British Reuters reported on September 19 that the original title: the "new cool" of the economy of economy and frugality before the outbreak of the epidemic. , A larger house, enjoy delicious dishes on weekends, and travel to tropical islands on holidays. But now, the 39 -year -old Shanghai marketing consultant, like many young people in China, reduced expenses and deposit as much money as much as possible.

With the promotion of social media to promote low -carbon lifestyle and share money -saving skills, this new frugal behavior is pursuing a threat to the world's second largest economy. Data show that the average salary of 38 core cities in China in the first three months of this year decreased by 1%month -on -month. Some young people would rather save instead of consumption. Fu, who loves watching movies, said: "I used to watch two movies every month, but since the epidemic, I haven't entered any cinema."

After years of consumerism, which has been increasing by the increase in wages, relaxed loans, and online shopping, the behavior of frugality is to make young people from Chinese young people closer to their parents. Some experts said that under the pressure of the severe employment market and economic downward, some young people were uncertain. But unlike their parents, some of them show their frugality online. By released more than 100 videos of "making a meal for only 10 yuan", a 20 -year -old Hangzhou woman harvested hundreds of thousands of fans.

A large number of discussions on social media sharing money -saving skills appeared. For example, in Shanghai, one of the cities with the highest living costs in China, someone participated in the challenge (removed) "1,600 yuan for one month". In 2019, Yang Jun (Yin) created the Douban Group's "Low Consumption Research Institute", which attracted 150,000 members. (Author Ai Bi Zhang et al., Cui Xiaodong Translation) ▲

- END -