Home / Metal News / Precious Metals / The NDRC responded: retaliatory consumption or retaliatory savings? How to continue to introduce measures to promote consumption?
The NDRC responded: retaliatory consumption or retaliatory savings? How to continue to introduce measures to promote consumption?
May 24,2020 10:43CST
The content below was translated by Tencent automatically for reference.

SMM: the Information Office of the State Council is scheduled to hold a press conference in the morning of Sunday, May 24, 2020, asking Ning Jizhe, vice minister of the National Development and Reform Commission, to introduce the relevant situation of doing a solid job of "six stability" and "six guarantees" and striving to achieve the goals and tasks of economic and social development for the whole year.

Ning Jizhe, vice minister of the National Development and Reform Commission, said that the epidemic had a great impact on the economy, bearing the brunt of the consumer sector, affecting some residents' aggregation, mobility, contact consumption and some non-essential consumption. At the same time, we should also see that the new type of consumption is still playing a role in expanding capacity. online consumption and e-commerce have not only ensured the basic livelihood of 1.4 billion people, but also helped enterprises to resume work and production.

In April, the total volume of retail sales of consumer goods across the country fell 7.5% from the same period last year, 8.3 percentage points lower than in March, which also shows that with the sustained economic recovery and the resumption of work and production, the general trend of China's consumption scale expansion and structural upgrading has not changed, and it is believed that the consumption data for May will be better. Is it retaliatory consumption? This evaluation is not necessarily accurate, restorative consumption is certain. In the next step, the National Development and Reform Commission will take more measures to promote the recovery of consumption in accordance with the requirements of the Government work report.

First, vigorously promote the optimization and upgrading of commodity consumption. Mainly food, clothing, use, housing, transportation. In terms of eating, we should not only have enough to eat, but also guide us to eat well and safely. In terms of clothing, we should not only wear warm clothes, but also promote good and appropriate clothes. In terms of use, we should not only use it, but also promote it to be used well and in a variety of ways. It is also necessary to vigorously develop the housing rental market and strengthen the transformation of aging and convenient urban residential areas so that residents can live comfortably. We will further promote the optimization and upgrading of automobile consumption and the circulation of used cars, and implement fiscal and tax support policies related to the purchase of new energy vehicles, so as to make it convenient for residents. At the same time, it is necessary to comply with the trend of upgrading residents' consumption, strengthen the construction and supervision of brands, quality, standards and quality of commodities, and constantly improve the consumption environment and consumption level of residents.

The second is to comprehensively promote the upgrading and expansion of service consumption. In conjunction with the supply-side reform and development of the service industry, we will speed up the release of the potential of service consumption such as culture, tourism, sports, old-age care, home economics, education and training, enrich the supply of cultural and tourism products, and improve the quality of domestic tourism. we will promote the prosperity and development of cultural undertakings and industries, vigorously develop sports consumption, and popularize national fitness and sports viewing. At present, 400 million people exercise every day in the country, and if the number can reach 800 million, the sports market will double. We will optimize the effective supply of old-age services in an all-round way, support social forces in the development of universal care services, carry out in-depth efforts to improve the quality of domestic services and expand the capacity of "leaders", promote the integration of industry and education, and support social forces in conducting education and training.

The third is to speed up the cultivation of a new type of consumption. Mainly digital consumption, network consumption, information consumption and so on. From January to April this year, the online retail sales of physical goods nationwide increased by 8.6% compared with the same period last year, accounting for 24.1% of the total retail sales of consumer goods, an increase of 5.5 percentage points over the same period last year, which shows the power of new consumption. We should take advantage of the situation, strengthen efforts to promote the organic integration of online and offline consumption, and promote the digital transformation, transformation and upgrading of traditional offline formats. We will innovate non-contact and less-contact consumption patterns, and explore the development of new retail formats such as smart supermarkets, smart stores, smart restaurants, and so on. We will vigorously develop the consumption model of "Internet + social services", and cultivate and enrich online consumption such as online education, online medical care, online entertainment and so on. We will actively develop new information products such as medium-and high-end mobile communication terminals, wearable devices and ultra-high-definition video terminals to promote the updating and upgrading of information consumption.

Fourth, we will actively expand consumption of green, health, energy conservation and environmental protection. Take green development as the lead to promote the production, supply and consumption of green organic ecological agricultural products. We will smooth the recycling of resources, speed up the improvement of the recycling network, and promote the upgrading of the consumption of motor vehicles, home appliances and electronic products. We have accumulated some household appliances and electronic products at home, and through recycling, we should "turn" them to promote consumer renewal. We will improve the standard system of industrial energy conservation and green manufacturing, and lead the promotion and application of green energy-saving products and green design products. Take the opportunity to deal with the epidemic of Xinguan pneumonia, advocate the whole society to form a healthy consumption concept and healthy lifestyle, and encourage families to store medical aid kits, including masks, etc. We have more than 400 million families, and we should all have the concept and habit of saving our own reserves. Integrate and optimize medical and health resources and supply chain, improve the health industry system, and expand the consumption of health services.

Fifth, strengthen the network layout of consumer infrastructure and service system. We will speed up the layout of new infrastructure such as 5G networks, data centers, industrial Internet and Internet of things to support new consumption. We will improve the logistics and distribution system in urban and rural areas and promote the construction of facilities such as intelligent express cabinets and the sharing of resources. We will optimize the layout of important nodes of the consumption network, cultivate a number of international consumption center cities, and build a number of regional consumption centers with strong radiation-driven capacity and advantages in resource integration. There are great prospects for promoting the construction of urban and rural commercial outlets and optimizing the planning and layout of commercial retail enterprises, including the development of small shop economy and night economy.

SMM "combination of period and present" training course

Registration contact: Lu Qingping, Iron and Steel Division of SMM

Tel: 021mur51595781 / 187MUE 1777MUE 4590

National Development and Reform Commission

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news