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In July this year, some measures were introduced to support large-scale equipment renewal and trade-in of consumer goods (that is, "two new"). Among them, 300 billion yuan of ultra-long-term special national debt is regarded as the key driving force for the effective implementation of the "two new" policies. Judging from the landing effect, this move is also promoting the accelerated release of consumption potential. According to the data of the Ministry of Commerce, it took 79 days for the current round of national home appliance trade-in sales to exceed 100 billion yuan, and it took only 40 days from 100 billion yuan to 200 billion yuan; As of 24: 00 on December 9, the total number of automobile trade-in has exceeded 5 million, including 2.44 million scrapped and 2.59 million replaced.Among the nine key tasks of economic work next year, "vigorously boosting consumption, improving investment efficiency and expanding domestic demand in all directions" ranks first. Among them, "consumption" has been placed in a more important position. The Central Economic Work Conference pointed out that it is necessary to grasp key links to complete the key tasks of economic work next year, and focus on boosting domestic demand, especially consumer demand.Securities Times reporter Qin Yanling

Zhou Qingjie, a professor at the School of Economics of Beijing Technology and Business University, said in the article "Paying attention to the key role of household consumption in expanding domestic demand" that according to the internationally accepted national economic accounting system, household consumption is one of the "four pillars" in GDP, alongside domestic private total investment, government purchase, public investment and net export. From the international comparison, the proportion of Chinese residents' consumption in GDP is at a relatively low level. Therefore, in the process of building a new development pattern in China, the effective practice of expanding domestic demand strategy depends more on the "internal" efforts of residents' departments, so that residents can spend money, rest assured and freely.

Securities Times reporter Qin YanlingSecurities Times reporter Qin YanlingArticle source: Securities Times