National Bureau of Statistics: The upgrading of residents' consumption structure and the expansion of new consumption drivers continue to be important factors influencing consumption growth.

People’s Financial News, March 16 — The State Council Information Office held a press conference at 10 a.m. on March 16. Fu Linghui, spokesperson for the National Bureau of Statistics, Chief Economist, and Director of the Department of Comprehensive Statistics on the National Economy, stated that overall, in January and February, market sales showed positive changes, and growth momentum strengthened. This is the result of combined effects such as policies to promote consumption, consumption upgrades, and the growth of new consumption drivers. Looking at the future, the upgrading of residents’ consumption structure and the strengthening of new consumption drivers remain important factors influencing consumption growth. The implementation of a series of policies to promote consumption will further support consumption growth, which is expected to continue steady development. Of course, it is also necessary to see that building a strong domestic market and stimulating residents’ internal consumption motivation require ongoing efforts. Moving forward, we will leverage the advantages of China’s super-large-scale market, deeply implement special actions to boost consumption, develop and implement income-increasing plans for urban and rural residents, promote expansion and upgrading of commodity consumption, carry out actions to improve service consumption and benefit the people, continuously optimize the consumption environment, unleash the potential of consumption in cultural tourism, events, health and wellness sectors, stimulate consumption vitality, better promote economic circulation, and continuously improve people’s livelihoods.