To expand new room for domestic demand growth now and in the coming period, it is necessary not only to continuously stimulate potential consumption and expand effective investment, but also to identify the combination points and driving force between the two to promote healthy interaction between consumption and investment. It is necessary to vigorously boost consumption, thoroughly implement special actions to boost consumption, formulate and implement plans to increase income for urban and rural residents; expand the supply of high-quality goods and services; optimize the implementation of the “two new” policies; clean up unreasonable restrictions in the consumer sector to release the potential for service consumption. It is necessary to expand effective investment, push investment to stop falling and stabilize, appropriately increase the scale of investment within the central budget, optimize the implementation of “dual” projects, optimize the management of the use of local government special bonds, continue to play the role of new policy financial instruments, effectively stimulate the vitality of private investment; and promote urban renewal with high quality. It is necessary to strengthen institutional guarantees, formulate regulations for unified market construction throughout the country, unify basic market systems, market infrastructure, government action scales, market supervision and enforcement, and factor resource markets, and continue to expand opening-up to the outside world; thoroughly rectify “internal rolling” competition, prevent “policy contests” from distorting the market mechanism, and promote the smooth flow of commodity factor resources on a wider scale. The healthy interaction between consumption and investment is an important driving force for sustainable and healthy economic development. By firmly grasping the strategic basis of expanding domestic demand, using consumption upgrades to drive investment optimization, and supporting consumption expansion through effective investment, we will surely activate the potential of domestic demand, smooth the economic cycle, consolidate and expand the steady, moderate and positive momentum of the economy, and lay a solid foundation for achieving a good start to the “15th Five-Year Plan”.

Zhitongcaijing · 1d ago
To expand new room for domestic demand growth now and in the coming period, it is necessary not only to continuously stimulate potential consumption and expand effective investment, but also to identify the combination points and driving force between the two to promote healthy interaction between consumption and investment. It is necessary to vigorously boost consumption, thoroughly implement special actions to boost consumption, formulate and implement plans to increase income for urban and rural residents; expand the supply of high-quality goods and services; optimize the implementation of the “two new” policies; clean up unreasonable restrictions in the consumer sector to release the potential for service consumption. It is necessary to expand effective investment, push investment to stop falling and stabilize, appropriately increase the scale of investment within the central budget, optimize the implementation of “dual” projects, optimize the management of the use of local government special bonds, continue to play the role of new policy financial instruments, effectively stimulate the vitality of private investment; and promote urban renewal with high quality. It is necessary to strengthen institutional guarantees, formulate regulations for unified market construction throughout the country, unify basic market systems, market infrastructure, government action scales, market supervision and enforcement, and factor resource markets, and continue to expand opening-up to the outside world; thoroughly rectify “internal rolling” competition, prevent “policy contests” from distorting the market mechanism, and promote the smooth flow of commodity factor resources on a wider scale. The healthy interaction between consumption and investment is an important driving force for sustainable and healthy economic development. By firmly grasping the strategic basis of expanding domestic demand, using consumption upgrades to drive investment optimization, and supporting consumption expansion through effective investment, we will surely activate the potential of domestic demand, smooth the economic cycle, consolidate and expand the steady, moderate and positive momentum of the economy, and lay a solid foundation for achieving a good start to the “15th Five-Year Plan”.