The Central Economic Work Conference proposed to "vigorously boost consumption, improve investment efficiency, and expand domestic demand in all aspects."

Consumption is the "main engine" that drives economic growth. In 2024, driven by the old-for-new consumer goods and a package of incremental policies, consumption potential will continue to be released, providing effective support for promoting the stable growth of the national economy. In 2024, final consumption expenditure contributed 44.5% to economic growth, driving GDP growth by 2.2 percentage points.

In 2024, bulk consumption grew rapidly, and service consumption grew rapidly. The per capita service consumption expenditure of residents nationwide was 13,016 yuan, an increase of 7.4% over 2023. New growth points for consumption continue to emerge, new consumption concepts such as "national style" and "national trend" continue to emerge, and consumption scenarios such as community markets are innovating.

"my country's economic foundation is stable, has many advantages, strong resilience and great potential. The long-term positive support conditions and basic trends have not changed. It is expected that the overall consumer market will continue to show a stable growth trend." He Yongqian, spokesperson of the Ministry of Commerce, said.

He Yongqian said that he will thoroughly implement the spirit of the Central Economic Work Conference, base himself on the "three important" positioning of business work, combine expansion of consumption with benefiting people's livelihood, vigorously implement special actions to boost consumption, introduce more pragmatic measures, and focus on the following aspects: First, work with relevant departments to increase the expansion and implementation of the policy of exchanging and exchanging consumer goods. The second is to innovate and organize consumption promotion activities that integrate business, tourism, culture, sports and health. The third is to expand service consumption and implement policy documents to promote the high-quality development of service consumption. Fourth, cultivate and expand new consumption, accelerate the issuance of policy documents to promote the initial economy, develop the ice and snow economy, and promote digital consumption, green consumption, and healthy consumption. Fifth, improve consumption conditions, deepen the cultivation and construction of international consumption center cities, promote the construction of a "four-minute convenient living circle", implement the three-year county commerce action in depth, and promote the transformation and upgrading of "Thousand Collections and Ten Thousand Stores".

"A good consumption environment is not only an important support for all-round expansion of domestic demand and release consumption potential, but also an important guarantee for driving economic growth and promoting high-quality development." Wang Zhenyu, vice president and secretary-general of the China Consumers Association, said that the "National Consumer Association Smart 315" platform will be built and used to promote the solution of the urgent and difficult problems of the people in the consumption field. We will give full play to the advantages of the consumer association organization platform, mobilize all parties in the society to actively participate in consumer rights protection work, gather the joint efforts to protect rights, and jointly create a safe and secure consumption environment.

Xiao Weiming, deputy secretary-general of the National Development and Reform Commission, introduced that special actions to boost consumption will be implemented, combining promotion of consumption with benefiting people's livelihood, and implement policies from the following aspects: First, promote residents' income increase and burden reduction. Support more workers to use skills improvement to drive job income growth and do everything possible to broaden the channels for farmers to increase their income. Appropriately increase the basic pension for retirees and the basic pension for urban and rural residents, and increase the financial subsidy standards for urban and rural residents' medical insurance. The second is to enrich the supply of consumer products and services, increase efforts to expand the implementation of the "two new" policies, expand service consumption, and create leading enterprises and service brands. The third is to cultivate new growth points in consumption, cultivate potential industries, expand services such as meal assistance for the elderly, home assistance to the elderly, community convenience, and institutional elderly care, so that new things such as smart auxiliary equipment, silver-haired trains, and study tours for the elderly can enter the lives of more elderly people. Fourth, improve the consumption environment, improve the commercial logistics system and cold chain logistics system, and effectively reduce the logistics costs of the whole society. Continue to promote the construction of the credit system and strive to create a reliable consumption environment. (People's Daily reporter Wang Ke and Qi Zhiming)