Constraints on Consumption Recovery to Ease, Various Indicators Begin To Recover

Expanding domestic demand is one of the top priorities of economic work this year. When consumption can recover is considered to be a key driving force affecting the effectiveness of expanding domestic demand. Affected by the COVID-19 pandemic, the consumer confidence of Chinese residents has been dampened. In 2023, these constraints on the recovery of consumption are expected to be alleviated.

A series of policies to promote consumption have been introduced and implemented, and consumer coupons have been issued in multiple batches in many places across China. These policies will gradually pay off, and the consumer confidence index is expected to continue to rise.