China News Service, March 25. The 2024 Annual Meeting of the China Development Forum will be held on March 24-25, 2024. The "Seminar on New Consumption and Domestic Demand Potential Release" was held on the afternoon of March 25. Hua Yuan, member of the Standing Committee of the Shanghai Municipal Party Committee and Vice Mayor, said that the development of new consumption is an important starting point for expanding domestic demand and stimulating consumption potential.

　　Huayuan introduced that the current new consumption shows the following characteristics: diversified and personalized new consumption formats and new models are constantly emerging; business, travel, cultural and sports exhibitions are accelerating the integrated development, and activities are embedded in business districts to lead new hot spots in service consumption; digital applications are further deepened, and digital technology Rapidly iterate and continuously expand new consumption development space; consumption internationalization and branding trends are obvious; "first launch and first store" leads a new consumption boom.

　　Huayuan pointed out that Shanghai’s new consumption development presents new trends of diversification, intelligence and greenness.

　　First, cultural, tourism and leisure consumption recovered strongly. In 2023, Shanghai International Tourism and Resorts will receive a total of 25.627 million tourists. The performing arts market will recover strongly, and cultural museums and art exhibitions will become a hot spot.

　　Second, sports consumption leads to a new way of life. In 2023, Shanghai will host a total of 118 sports events, driving consumption of 3.71 billion yuan and stimulating related industry effects of 12.86 billion yuan.

　　Third, health care consumption maintained steady growth. The silver economy has huge potential, the annual output of the elderly care industry reaches 300 billion yuan, new elderly care models continue to grow, and the trend of integrating medical and health care is obvious.

　　Fourth, financial services continue to develop rapidly. From 2016 to 2023, the average annual compound growth rate of Shanghai's commercial health insurance scale will reach more than 10%, and the total premium scale of high-end medical insurance will account for 40% of the national market. Green consumer loans and online consumer loans have become new market growth points.

　　Fifth, transportation service consumption has outstanding highlights. Shanghai's passenger flow has increased significantly, railway passenger flow and passenger revenue have maintained rapid growth, and the recovery process of the cruise economy has accelerated across the board.

　　Sixth, digital consumption maintains rapid growth. In 2023, Shanghai's online shopping transaction volume will reach 1.6 trillion yuan, and live broadcast retail sales will reach 253.2 billion yuan, ranking first among cities in the country.

　　Seventh, green consumption leads the fashion consumption trend. 79 of Shanghai's large commercial complexes exceeding 100,000 square meters have been established as national-level green shopping malls.

　　Huayuan said that Shanghai will comply with the development trend of new consumption, further enrich consumer supply, expand the connotation of consumption, encourage consumption innovation, improve the consumption environment, create a gathering place for new consumer brands, a source of model innovation and a vane of consumer trends, and accelerate the promotion of an international consumer center city. attractiveness and influence.

　　The first is to enhance the international reputation of the landmark business district and create a more attractive international metropolitan style.

　　The second is to increase the brand activity of the "first launch economy" and create the "first launch Shanghai" city IP.

　　The third is to optimize the supply richness of service consumption and create a benchmark for service consumption innovation.

　　The fourth is to expand the agglomeration of digital consumption scenarios and create a new consumption city empowered by technology.

　　The fifth is to enrich the connotation of green consumption and create a green and low-carbon consumption highland.