As various regions continue to introduce a series of measures around boosting consumption, the effects of consumer promotion policies have gradually emerged, and the consumption of automobiles and other commodities has rebounded significantly. In order to further promote consumption growth and help stabilize the economy and employment, various regions have successively introduced a new round of consumer support policies, with automobiles, home appliances, etc. still being important support areas.
Sichuan Province recently put forward suggestions on the implementation of pedestrian street reconstruction and upgrading, striving to transform and upgrade 50 pedestrian streets in three years, and create a batch of effective carriers to promote consumption upgrade. Fujian Province plans to distribute over 100 million yuan worth of consumer coupons again in July to further promote consumption. Jilin Province launched the second round of consumer voucher promotion activities, adding tourist attractions, accommodation hotels, travel agencies, bookstores, fitness venues, sports training, sporting goods stores and other types of consumer vouchers, and further supporting the expansion of automobiles, home appliances, and home furnishing , Building materials and other commodities consumption.
In the new round of consumption promotion policies, commodities such as automobiles and home appliances still become an important part of consumption promotion. The National Development and Reform Commission recently said that it will further vigorously tap the potential of releasing domestic demand. Actively promote the replacement and recycling of home appliances and automobiles, and accelerate the development and improvement of the new consumption format.
Places are also actively deployed. Hangzhou City issued more than 65 million yuan of automobile consumption coupons, and Lanzhou City plans to issue 11.5 million yuan of automobile consumption coupons. Guangxi has also recently introduced measures to increase efforts to launch “trade-in” promotions for automobiles and home appliances, and to relax restrictions on the use of consumption vouchers by Sinopec and PetroChina, and to abolish consumption restrictions on fuel card recharge.
In addition, some regions have also introduced incentives for incremental local contributions to enterprises, discounted support for new key components of new energy and smart connected vehicles, and incremental deductions for corporate R&D expenses Partial subsidies and other supporting policies.
Industry experts said that under the effect of a series of measures to promote consumption, many suppressed consumer demands were further released, and consumption in many industries showed a downward trend, especially in the fields of automobiles, home appliances, and catering.
Taking the automobile industry as an example, on June 29, the 5-day Dragon Boat Festival Suzhou International Auto Show ended in Suzhou International Expo Center in Jiangsu Province. This is also the first batch of domestic large-scale urban auto shows that have returned to normal operation after the epidemic prevention and control situation has gradually improved. one. During the auto show, vehicle sales reached nearly 16,000 units, with a total turnover of nearly 2.4 billion yuan, and the turnover of many car brands far exceeded expectations.
According to the latest data from the China Association of Automobile Manufacturers, in May of this year, automobile production and sales volume increased by 4% and 5.9% respectively, up 18.2% and 14.5% year-on-year, and the growth rate expanded by 15.9% and 10.1% respectively from last month.