Some administrative restrictions currently in place in the consumer sector have curtailed the release of consumer demand. This is particularly evident in the automotive consumer sector. In order to ease congestion, cities such as Beijing, Shanghai, Guangzhou, Hangzhou, and Tianjin have implemented automobile purchase restriction policies, and the situation where citizens' car purchase indicators “haven't wavered for a long time” is becoming more and more prominent. The “Special Action Plan to Boost Consumption” makes special arrangements for “reducing consumption restrictions in an orderly manner”, specifically “naming” the automobile consumption management model to “promote the transformation of automobile consumption management from purchase management to use management, and guarantee the car purchase needs of households without cars that have 'been shaken for a long time' over a period of time.” Interviewed experts pointed out that if automobile purchase restrictions are lifted nationwide, new automobile consumption every year within 5 years will drive a 0.5% increase in total retail sales of social consumption and a 0.3% increase in GDP.

Zhitongcaijing · 03/25 23:25
Some administrative restrictions currently in place in the consumer sector have curtailed the release of consumer demand. This is particularly evident in the automotive consumer sector. In order to ease congestion, cities such as Beijing, Shanghai, Guangzhou, Hangzhou, and Tianjin have implemented automobile purchase restriction policies, and the situation where citizens' car purchase indicators “haven't wavered for a long time” is becoming more and more prominent. The “Special Action Plan to Boost Consumption” makes special arrangements for “reducing consumption restrictions in an orderly manner”, specifically “naming” the automobile consumption management model to “promote the transformation of automobile consumption management from purchase management to use management, and guarantee the car purchase needs of households without cars that have 'been shaken for a long time' over a period of time.” Interviewed experts pointed out that if automobile purchase restrictions are lifted nationwide, new automobile consumption every year within 5 years will drive a 0.5% increase in total retail sales of social consumption and a 0.3% increase in GDP.