Economic Daily Jin Guanping: Expanding service consumption to stabilize growth and benefit the people's livelihood.
Service consumption, as an important direction for upgrading consumption, is becoming a key lever to enhance domestic demand and facilitate the domestic circulation. The "Fourteenth Five-Year Plan" proposal clearly puts forward the expansion of service consumption as a focus through measures such as relaxing market access and integrating different formats. This deployment not only conforms to the objective law of consumption structure transformation after China's per capita GDP breaks through 13,000 US dollars, but also responds to the upgrade of residents' needs from material satisfaction to spiritual abundance.
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