Pan Gongsheng, Governor of the People's Bank of China, pointed out in his keynote speech at the 2024 Financial Street Forum annual meeting on October 18 that to achieve a dynamic balance in the economy, the direction of macroeconomic policy should shift from favoring investment in the past to placing equal emphasis on consumption and investment, and paying more attention to consumption. Interviewed experts believe that macroeconomic policies will focus more on promoting consumption in the direction of support. They believe that with the continuous strengthening of fiscal policy and monetary policy coordination and the continuous release of policy synergy, it is expected that total social retail sales will rise steadily in the fourth quarter. Consumption, linked to the macroeconomy at one end, is an important engine of economic growth; connecting thousands of households at the other end, it is the ultimate expression of people's pursuit of a better life. The Politburo meeting of the Central Committee emphasized that domestic demand should be expanded with a focus on boosting consumption, that the focus of economic policy should shift more towards benefiting people's livelihood and promoting consumption, increasing residents' income through multiple channels, enhancing the consumption capacity and willingness of low- and middle-income groups, using service consumption as an important gripper for expanding and upgrading consumption, and supporting consumption such as cultural tourism, old-age care, childcare, and housekeeping.

Pan Gongsheng, Governor of the People's Bank of China, pointed out in his keynote speech at the 2024 Financial Street Forum annual meeting on October 18 that to achieve a dynamic balance in the economy, the direction of macroeconomic policy should shift from favoring investment in the past to placing equal emphasis on consumption and investment, and paying more attention to consumption. Interviewed experts believe that macroeconomic policies will focus more on promoting consumption in the direction of support. They believe that with the continuous strengthening of fiscal policy and monetary policy coordination and the continuous release of policy synergy, it is expected that total social retail sales will rise steadily in the fourth quarter. Consumption, linked to the macroeconomy at one end, is an important engine of economic growth; connecting thousands of households at the other end, it is the ultimate expression of people's pursuit of a better life. The Politburo meeting of the Central Committee emphasized that domestic demand should be expanded with a focus on boosting consumption, that the focus of economic policy should shift more towards benefiting people's livelihood and promoting consumption, increasing residents' income through multiple channels, enhancing the consumption capacity and willingness of low- and middle-income groups, using service consumption as an important gripper for expanding and upgrading consumption, and supporting consumption such as cultural tourism, old-age care, childcare, and housekeeping.