Why is expanding consumer demand the focus of stimulating economic growth?

The "troika" that drives economic development is exports, consumption and investment. In China's excessively high level of foreign exchange reserves and distribution, the RMB exchange rate is forced to appreciate, resulting in blocked exports, investment has always been the highlight of China's economic development, but investment is generally the leading large enterprises, which is now increasingly prominent economic structural problems in China is not beneficial, nor can it meet the needs of the people in the pursuit of social public services. Consumption, which is the most important driving force for the economic development of developed countries today, on the one hand, reflects the country's commitment to the people's wealth, hiding the wealth from the people, the people can only consume when they have money, and the needs of the people are met while consuming.

On the other hand, this is conducive to the readjustment of China's economic structure. Finally, because of the wide range of people involved in consumption and the large number of industries, it can well promote employment and improve people's living standards.

In the past, they relied on exports to drive economic development, but now European and American countries are in economic difficulties and debt crises, and they can no longer afford to buy Chinese products. Therefore, China's economy is moving towards development, and the original path is no longer working, and it can only turn from abroad to domestic.

And the common people have no money, and the products produced cannot be sold, so it is necessary to increase the income of the people. This is called expanding domestic demand and stimulating economic growth.

We will increase people's medical security (infants, children, the elderly, etc.) and reduce the burden of schooling for children at all stages (kindergartens, primary and secondary schools, vocational schools, colleges and universities, etc.).

Only by doing a good job in guaranteeing the people's basic housing (basic housing for adults and basic housing for vulnerable groups), reducing or exempting the thresholds for employment in various industries, and reducing or reducing the tax burden (industrial and commercial, taxation, etc.), can the people have money to spend and stimulate consumption.

Consumption is one of the important factors in economic growth, but whether it has become the primary factor driving economic growth needs to be analyzed according to the situation of different countries or regions.

In some countries or regions where consumption accounts for a high proportion of GDP, such as China, the United States, the European Union, etc., the contribution of consumption to economic growth is very significant. In China, for example, in the past few years, consumption has contributed more to China's economic growth than investment, becoming one of the primary factors driving economic growth.

But in some resource-exporting economies, the contribution of consumption to economic growth may not be the primary factor. Economic growth in these economies is largely based on exports and foreign exchange earnings, and consumption accounts for a relatively small share of them. For example, in some oil-exporting countries, foreign exchange earnings from energy exports contribute more to GDP.

Therefore, whether consumption has become the primary factor driving economic growth needs to be analyzed according to the situation of each country or region. In general, the role of consumption in economic growth is very important and of great significance for maintaining economic stability and sustainable development.

The driving path of new consumption development to economic growth mainly includes the following aspects:

Consumption is a new type of consumption that includes high-quality, high-value-added, personalized and customized products and services, which play an important role in improving consumer quality, enhancing consumer satisfaction and promoting the upgrading of consumption structure, thereby driving economic growth.

Technology-driven: New consumption involves the application of emerging technologies, such as smart homes, virtual reality, smart wearables, etc., and the development and application of these technologies can promote the development of related industries and improve productivity, thereby driving economic growth.

Service consumption: The new type of consumption emphasizes service quality, service experience and service innovation, and encourages consumers to make personalized choices according to their individual needs, which can promote the development of related service industries and drive employment and economic growth.

Sharing economy: An important feature of new consumption is the sharing economy, which improves the efficiency of resource utilization and the utilization rate of social resources through sharing, leasing, etc., which helps to promote related industries and economic growth.

In general, the development of new consumption can drive the development of related industries, increase employment opportunities, improve productivity and efficiency, and thus stimulate economic growth.

Hello boss, the role of expanding consumer demand on China's economic development is as follows: consumption has a negative effect on production in recent years, and China's economic growth mainly depends on exports. The current financial crisis has led to a gradual depression in the international market, and a large number of foreign trade industries have had to change careers or close down directly.

Expanding domestic demand is the most fundamental to the long-term development of China's economy. Of course, this is also an important aspect of the improvement of people's living standards.