Why is there no retaliatory consumption after the epidemic? National Bureau of Statistics response

　　China News Service, September 15 "It should be said that the overall recovery of consumption is still advancing steadily. Especially for this month's catering consumption, the decline in catering income has been significantly narrower than the previous month, indicating the conditions for effective control of the epidemic Next, everyone’s desire to spend on dining out is increasing.” On the 15th, Fu Linghui, spokesperson for the National Bureau of Statistics, made the above statement.

Data map: The food on the night market has attracted many citizens.

Photo by China News Agency reporter Wang Dongming

　　On the 15th, the State Council Information Office held a press conference on the operation of the national economy in August 2020.

A reporter asked: The epidemic has been under control for several months. Why did the retaliatory consumption that was originally expected after the epidemic never come?

What is the reason for this?

Some experts believe that the current economic recovery should pay attention to the risk of deflation, that is, the people dare not consume. What does the spokesperson think?

　　In this regard, Fu Linghui said that it should be said that overall, the recovery of consumption is still advancing steadily.

Especially in this month’s catering consumption, the decline in catering income has been significantly narrower than last month, indicating that under the conditions of effective control of the epidemic, everyone’s desire to go out for catering consumption is increasing.

　　Fu Linghui pointed out that due to the impact of the international epidemic, travel abroad has basically stagnated, but it has also brought about an increase in the popularity of domestic mid-to-high-end tourism, especially some of the more popular tourist attractions, which has become difficult to find.

　　Fu Linghui said that it should be said that the restoration of consumption is based and conditional.

As the employment of residents remains stable, the income of residents increases, and the domestic consumption environment improves, especially when the epidemic is effectively controlled, there is hope that consumption will continue to recover in the later period.