Study Times: Enhancing the Driving Role of Consumption in Economic Growth

An article in the newspaper pointed out that continuous innovation in policy tools effectively improves the level of consumption convenience. Flexibly use cross-cycle and countercyclical adjustment policy tools, coordinate the use of fiscal, tax, financial, industrial and other policies, give full play to market forces, promote the increase of supply of high-quality products and services, better meet the high-quality, diversified consumption needs of residents. In response to the upgrading demand for durable consumer goods among residents, efforts will be made to expand the implementation of the policy of trading in old products for new ones, including entertainment devices, high-tech products such as robots, drones, game consoles, hearing aids, and products suitable for the elderly, within the scope of product subsidies.