On April 14, 2024, during the 4th China International Consumer Products Expo, the 2024 China Consumption Development Forum, jointly sponsored by Nanfang Press Media Group and China (Hainan) Reform and Development Research Institute, and undertaken by Southern Weekly, was held in Haikou, Hainan. With the theme of "Grasping the Pulse of Consumption and Gaining Insight into Development Opportunities", this year's forum invited representatives from various parties to discuss the new trend of China's consumption and explore potential opportunities for high-quality development.
The picture shows Wang Wei, vice president and deputy editor-in-chief of Southern Newspaper Media Group, and secretary of the party committee and editor-in-chief of Southern Weekly.
Wang Wei, vice president and deputy editor-in-chief of Nanfang Press Media Group, secretary of the Party Committee and editor-in-chief of Southern Weekly, said in his speech that Nanfang Press Media Group has been paying close attention to the process of the times, economic development and the achievements of Hainan's construction. Southern Weekly insists on focusing on economic development, and has always been sensitive and concerned about consumption issues, which are one of the "troikas" driving the economy. In recent years, Southern Weekly has vigorously promoted the in-depth development of media integration, actively promoted the construction of new mainstream media, and has established 10 research centers to continue to produce in-depth research, policy consultation, various lists and other think tank products. Wang Wei said that based on the three-dimensional communication matrix of Southern Press Media Group, Southern Weekly will tell the story of the Expo, sort out the achievements of the construction of the free trade port, and spread the voice of China's economic development to the world, and look forward to working with experts from all walks of life and the public to grasp the pulse of consumption trends and explore the economic trend in 2024.
The picture shows Zhao Baige, vice chairman of the Foreign Affairs Committee of the 12th National People's Congress and chairman of the Expert Committee of Landi International Think Tank.
Consumption is the key engine driving economic growth and the huge potential of the mainland's economic development. Zhao Baige, vice chairman of the Foreign Affairs Committee of the 12th National People's Congress and chairman of the Expert Committee of Landi International Think Tank, delivered a speech on the topic of "New Quality Productivity Gives Birth to New Consumption Reform". She believes that the new type of consumption is the inevitable result of economic and social development, and it is also a vivid portrayal of the new quality of productivity to promote consumption change. On the surface, it is manifested in the rapid development of the quantity, price, quality and technical content of supply, as well as the consumption scenarios of demand are more refined, the consumption channels are more convenient, and the consumption experience is more innovative. Consumer demand will continue to evolve, and there is still huge room for consumption mining. The key lies in how to unleash market momentum and use new quality productivity to stimulate new consumption. Zhao Baige believes that we should adhere to the guidance of consumer demand, attach importance to the innovation ability of private enterprises, release the potential of digital and green consumption, and accelerate the cultivation of key areas of new consumption, expand international cooperation, and shape the positive cycle of new productivity and new consumption.
The picture shows Chi Fulin, president of the China (Hainan) Institute for Reform and Development.
At present, profound changes are taking place in the mainland's consumption structure, and what impact has this brought to the economy and society? How can we achieve structural reform and solve problems in order to adapt to the general trend of upgrading the consumption structure? Chi Fulin, president of the China (Hainan) Institute for Reform and Development, believes that as we enter a new stage of development, the contribution rate of consumption to economic growth has been continuously increasing. According to his analysis, the upgrading of the consumption structure of urban and rural residents on the mainland is at an important stage. If the proportion of service-oriented consumption of urban and rural residents in mainland China increases from about 45% in 2023 to more than 50% in 2030, it is expected to boost economic growth by at least 2 percentage points. Chi Fulin believes that the upgrading of the consumption structure is constrained by structural contradictions, and it is necessary to "establish first and then break down", focusing on solving the structural contradictions faced by the upgrading of the consumption structure with structural reform. Chi Fulin said that it is necessary to use structural reform to solve the structural contradictions between investment and consumption, growth and distribution, and urban and rural areas. Therefore, it is necessary to speed up the opening up of the service market, promote structural reform and policy adjustment, optimize the pattern of national income distribution, adjust the structure of national income distribution, increase the urbanization rate of the registered population, break the dual household registration system between urban and rural areas, and strengthen the construction of the rural public service system. He pointed out that "in the next 5-10 years, the upgrading of the consumption structure of urban and rural residents will show a general trend of acceleration. To a large extent, the certainty of the economy depends on the certainty of upgrading the consumption structure, and the focus of high-quality development lies in the formation of a new consumption-led growth model. Adapting to the trend of upgrading the consumption structure of urban and rural residents and intensifying structural reform will continue to unleash the potential of economic growth and achieve sustainable growth. ”
At the event, Kuang Xianming, vice president of the China (Hainan) Institute for Reform and Development and director of the RCEP Research Institute, released the "Unleashing the Huge Potential of Service-oriented Consumption: 2024 China Consumption Research Report" on behalf of the research team of the China Reform Institute, which reviewed the progress of the transformation of the mainland's consumption structure in 2023, analyzed the structural contradictions faced by the upgrading of the consumption structure, and put forward relevant suggestions for deepening structural reform to release the huge potential of service-oriented consumption.
The forum also held two roundtable dialogues on the topics of "China's Consumption and Economic Growth" and "Building a New Ecology of Shared Consumption". At the event, the full list of winners of the "Annual Consumer Influence" selection was also announced.
The picture shows the scene of the 2024 China Consumption Development Forum.
It is reported that the China Consumption Development Forum is a permanent annual think tank event during the Expo, focusing on the momentum and trend of consumption development under the new pattern. Since its inception in 2021, the forum has attracted great attention from all walks of life, attracting many representatives from the government, think tanks, universities and business circles to attend and share, injecting new impetus into the construction of a new development pattern of services and promoting the sustainable development of the consumer sector.