Front page of Securities Times: Financial support for consumption is strengthening, with more efforts expected in the future. Experts believe that it is necessary to prioritize boosting domestic demand.
Boosting consumption is a key point in expanding domestic demand and stabilizing growth. Experts say that China's economy is accelerating its transition towards a growth model dominated by domestic demand, and consumption plays an important role in driving economic growth. Currently, there is a good foundation for financial support for consumption, but there is still room for further efforts. Experts point out that the share of final consumption expenditure in GDP in China is lower compared to countries like the United States and Japan, and there is great potential for increasing consumption's contribution to economic growth. Faced with the unfavorable impact of external demand, it is necessary to give greater priority to boosting domestic demand, especially consumption.
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