National Bureau of Statistics: Consumption is expected to expand in the next stage

Fu Linghui, the spokesperson of the National Bureau of Statistics, said at a press conference that in the next stage, although there are still some unfavorable factors restricting consumption, consumption is expected to continue to expand as the economy recovers, residents' employment improves, income increases, and effective consumption promotion policies issue. Summer travel, sports, and entertainment will continue unabated popularity like recently. According to the big data observations, tourism consumption will keep picking up. As policies and measures to promote electronic products and household consumption take effect, related consumption is expected to gradually improve. Meanwhile, the market supply is being optimized, creating favorable conditions for consumption expansion. With the improvement of the quality of my country's new energy vehicle products, sales in July increased by more than 30% YoY.