In 2021, the repeated fluctuations of the global new crown pneumonia epidemic and the spread of domestic epidemics will have a greater impact on my country's consumption.
Faced with various unfavorable situations, domestic consumption continued to recover. The total retail sales of consumer goods from January to November 2021 increased by 13.7% year-on-year, still showing strong resilience.
On the whole, the steady and positive trend of my country's consumer market has not changed.
In 2022, my country will launch more new measures to promote the release and upgrade of consumption potential, and better play the fundamental role of consumption in economic growth.
Judging from the current domestic consumption situation, the interference of the epidemic on consumption has weakened, and consumption is generally on a normalized growth track.
The latest consumption data also reflects the changes.
Data shows that due to the spread of the epidemic and the rising base, the growth rate of my country's consumer market has slowed down at the end of 2021, but the trend has not changed.
Consumption in urban and rural areas rebounded simultaneously.
From January to November 2021, the retail sales of consumer goods in urban and rural areas were 34.6 trillion yuan and 5.3 trillion yuan, an increase of 13.8% and 13.3% year-on-year, respectively; the market sales of basic lifestyle commodities increased well.
In the first 11 months of 2021, the retail sales of grain, oil, food, and beverages of units above designated size increased by more than 10% year-on-year, and some data even exceeded 20%; sales of upgraded products increased rapidly.
The retail sales of cultural and office supplies, communication equipment, and building materials and furniture of units above designated size have maintained a relatively high growth rate year-on-year; new types of consumption have developed rapidly.
In 2022, in order to further tap and release the potential and driving force of consumption growth, on the one hand, it is necessary to innovate methods, develop ideas, and introduce more new and effective methods to enhance consumer confidence and stimulate consumption vitality; on the other hand, to implement Promote the requirements of common prosperity, make up for the shortcomings of urban and rural circulation, cultivate new forms and models of consumption, and promote consumption upgrades.
In particular, it is necessary to improve the quality of consumption through the improvement of the county commercial system, the construction of a fifteen-hour convenient living circle, the promotion of urban commercial capabilities, and the organization of a series of promotional activities.
In the medium and long term, the consumption capacity and consumption structure of Chinese residents have reached a certain level, material consumption is guaranteed, spiritual consumption is growing rapidly, and people are beginning to use more and more income for developmental, individualized, and diversified consumption.
These new trends in medium and long-term consumption will generate new traction on the supply side.
To meet these changes, it is necessary to further narrow the income gap, continuously improve the quality and level of the supply of goods, and further increase the supply of public services, so as to further consolidate consumption, an important foundation for economic growth.
(Source of Feng Qiyu: Economic Daily)