China Is At The Important Node Of Consumption Release.

Chi Fulin, director of the China (Hainan) reform and Development Research Institute, 10, said that at present, China has entered a new stage of development with the goal of human development as its main goal, and the social demand structure, consumption structure and

Chi Fulin said that the average annual growth of the total retail sales of consumer goods in China increased from 10.6% of "95" and "fifteen" to 18.1% of "11th Five-Year". The consumption of urban and rural residents has been increasing, the consumption level has gradually increased, the consumption entities have been expanding and the consumption structure has also been greatly adjusted. In 20 years, the proportion of education and medical expenses of urban and rural residents increased from 32.3% and 33.4% in 1990 to 53.01% and 53.22% respectively.

He analyzed that the national "12th Five-Year plan" Outline clearly put forward the need to expand consumption demand as the strategic focus of expanding domestic demand, further release the consumption potential of urban and rural residents, and gradually make the overall scale of China's domestic market rank the highest in the world. This is a strategic plan conforming to the development trend of China.

In the next 5 years, if our country can initially achieve the goal of consumption led economic pformation, that is, the final consumption rate will rise from 48% to 55%, and the household consumption rate will increase from 35% to 45%. In the next 10 to 20 years, China's economy will remain 8%.

Chi Fulin believes that the gap between the rich and the poor will be an important factor affecting and restricting the release of consumption in the future. The widening gap between the rich and the poor will make it difficult for middle and low income groups to become an important part of consumer goods and affect the upgrading of consumption structure.

Taking cultural consumption as an example, China's cultural consumption accounted for only 2.5 percentage points of GDP in 2010, which is quite large compared with some developed countries.

To release the huge potential of cultural consumption and develop the cultural industry, the important premise is to raise the income level of the middle and low income groups as soon as possible, and create conditions to make them become cultural consumers.