Abstract â–¡ Consumption upgrades are locked in six directions: service consumption, information consumption, green consumption, fashion consumption, rural consumption and quality-enhancing consumption; promoting the development of 3D printing, robotics, genetic engineering and other industries, opening up new areas of consumption; supporting wearables Equipment, smart home...
â–¡ Consumption upgrades lock in six directions: service consumption, information consumption, green consumption, fashion consumption, rural consumption and quality-enhancing consumption; promote 3D printing, robotics, genetic engineering and other industries to accelerate development, open up new areas of consumption; support wearable devices , smart home, digital media and other emerging markets for the development of emerging consumer goods â–¡ The life service industry focuses on the development of ten major areas such as residents and families, health, pension, tourism, sports, culture, law, wholesale and retail, accommodation and catering, education and training; it will increase fiscal, taxation, finance, price and other support policies.
The supply-side reform policy is being overwhelmed.
The State Council and the State Council’s General Office recently issued two major documents, "Guiding Opinions on Actively Exploring the Role of New Consumption, Accelerating the Cultivation of New Supply and New Motive Forces" and "Guiding Opinions on Accelerating the Development of Life Services to Promote the Upgrade of Consumption Structure" Deploy consumption upgrades and foster new supply and new power.
Both major documents have identified areas for future development. Among them, the "Guiding Opinions on Actively Giving Play to the Role of New Consumption to Accelerate the Cultivation of New Supply and New Power" puts forward six directions of consumption upgrading: service consumption, information consumption, green consumption, fashion consumption, rural consumption and quality-enhancing consumption.
It is worth noting that the opinions emphasize “innovation and expand effective supplyâ€, and clearly stated that it is necessary to promote the development of three-dimensional (3D) printing, robotics, genetic engineering and other industries, and open up new areas of consumption. Support the development of emerging consumer products with broad prospects such as wearable devices, smart homes and digital media.
“This is in line with the idea of ​​expanding the growth space. It involves consumption in the fields of education, medical care, culture, etc., which can not only make up for the narrowing of the traditional consumption growth space, but also help to enhance human capital and enhance the basic ability of innovation-driven.†National Development and Reform Commission Deputy Director Lin Nianxiu explained this.
The Guiding Opinions on Accelerating the Development of Life Services to Promote the Upgrading of Consumption Structures is the first systematic top-level design for promoting the development of the life service industry in China. Life services cover a large number of areas, but the document clearly focuses on the development of ten major areas, including residents and families, health, pension, tourism, sports, culture, law, wholesale and retail, accommodation and catering, education and training.
Among them, health services, encourage the development of health checkups, health consultation, health culture, health tourism, physical fitness and other diversified health services; sports services, football, basketball, volleyball three major goals as an entry point, accelerate the development of widespread Sports projects with high attention and large market space; cultural services, accelerate the development of digital content industry, promote the digitalization and networking process of production, dissemination and consumption of cultural service products, and promote the optimization and upgrading of animation games and other industries.
Zhang Jun, chief economist of Morgan Stanley Huaxin Securities, said in an interview with the Shanghai Stock Exchange that accelerating the development of a life service industry is an important way to promote the transformation of economic growth and an important means of ensuring employment and improving people's livelihood. "The service industry has a strong ability to absorb labor. In particular, many life service industries have obvious shortages of supply as the demand for residents rises. Therefore, there is a lot of room for development."
In terms of support policies, the document is clear, and we must increase fiscal, taxation, finance, price, and land policy guidance and support. Among them, special emphasis is placed on broadening financing channels, “supporting eligible life service companies to go public and issue bonds.â€
In addition to the two major documents, the Shanghai Securities Journal reporter also learned that the National Development and Reform Commission will promptly formulate supporting policies and measures, especially to organize and implement a number of major projects, to promote the development of the life service industry, accelerate the cultivation of new supply and new power, and further create good development. surroundings.
In the recent high-level intensive emphasis, it is necessary to strengthen the supply-side structural reforms while appropriately expanding the total demand, and strive to improve the quality and efficiency of the supply system and enhance the sustained growth of the economy. The above two major documents are to achieve consumption upgrade through supply-side reform.
In Zhang Jun’s view, in the process of China’s economic transformation, the main part of the expenditure stage is to promote the proportion of consumption in GDP, while on the supply side, it is necessary to increase the proportion of service industry in GDP. With the deepening of transformation, China must Eliminate the low-end manufacturing industry and turn to the supply-side reform of the service industry.
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