SMM Steel Market Morning News: Economic Daily: Better Play the Role of Consumer-Led Engine"

On February 27th, Economic Daily published an article stating that consumption has become the main engine to facilitate economic circulation, strengthen the economic foundation, and drive sustained economic growth. It is of strategic significance to accelerate the establishment of a new development pattern, enhance the vitality and resilience of economic development, and improve people's well-being. Efforts should focus on enhancing residents' consumption ability, improving consumption conditions, and innovating consumption scenarios to fully tap into the advantages of China's super-large market, facilitate economic circulation, unleash consumption potential, and better meet the people's needs for a high-quality life. It is necessary to closely align with the requirements for high-quality economic development, adapt to the trend of improving residents' consumption quality, and rely on reform and innovation to remove institutional barriers and create a favorable consumption environment. Various measures should be taken to promote stable growth of residents' income, continuously enhance their consumption ability, and guide them to expand consumption continuously from both the supply and demand sides.