In November, the national household consumption ** index (cpi) year-on-year andRing on monthboth decreased by 05%, which has attracted a lot of attention and discussion. However, we can't simply take it as:cpiDescend to singEconomy, because there are two core issues that have not yet been resolved.
Judging by the data, the first 11 monthscpiYear-on-year **03%, indicating that consumer demand is relatively weak this year, resulting inPurchasing powerFalling, while ** difficult to firm. In fact, this year's prices are not unexpected, as early as the beginning of March, we are ** to this year's prices will **. First of all, the recovery speed of the production side is relatively fast, and many companies hope to make up for it in the short termPandemicThe loss of the period leads to an increase in supply in the short term. Second, the recovery of income is much slower than the recovery of production, because money needs to flow from the banks to the general public, and this process needs to go through a relatively long processEconomycycle, which may take 2-3 quarters. In addition, it is expected that exports will continue this year, and some export orders will be forced to turn to domestic sales. In addition, we are in:PandemicThe good results in management and control have attracted many global orders, which has led to the rapid expansion of production capacity, which has increased the competitive pressure on the market. Exports from January to November andcpiIn terms of data, all three aspects have been verified.
However, we cannot deny itcpiThe root cause of the continued decline. On the one hand, we have not yet solved the problem of the income of the working class. Revenue growth is key to this. Over the past three years, our incomes have shrunk dramatically, many of us have not received bonuses, and our employers have even taken pay cuts. Although we can understand that the last three years have been subjectedPandemicThe impact, but even ifPandemicIt's gone, and our income hasn't recovered yetPandemicThe previous normal level is still in a state of atrophy. It's not just that people don't have enoughPurchasing powerAt the same time, it also affected their consumer confidence. In addition, since most of the jobs are created in the private sector, which has recovered relatively slowly, it has led to unemployment, which has further led to income instability and sustainability. In this case, people naturally choose to save money first rather than spend it. We specifically mention the income of the working class, because this group of people is the main force of the consumer marketRich peopleThe increase in income does not lead to much increase in consumption. Moreover, the size of this working class is quite large, at least 300 million to 400 million people. So, how to solve this problem?In the final analysis, there are only two ways: either to speed up the recovery of private enterprises, or to give direct subsidies to wage earners, such as direct wage subsidies.
On the other hand, the issue of faith is also a core issue that we have not addressed well. Two of these aspects stand out. First of all, the international situation has put pressure on us, and we have not effectively defused it. This year, this problem is particularly prominent, mostly ordinaryOrdinary peopleWe all know that the international situation is grim and exports continue to weaken. Secondly, the last three yearsPandemicwithEconomyThe downturn has had a big impact on our mentality and people's sentiment. Negative energy and conservatism and even lying flat thinking are gradually increasing, and we have lost our former vitality and enterprising spirit. However, neither of these issues is as bad as some people exaggerate, and it comes down to us not being good enough at understanding and channeling it properly. Some people continue to sing the praises of ChinaEconomy, real estate and the consumer market, this sentiment has been particularly prominent this year. Therefore,cpiThe problem seems to be oneEconomyThe problem, in fact, is also a social problem.
To sum up, thoughcpiThe decline has sparked concern, but we remain positive and optimistic about the future. With the effect of various policies and measures this year, with the improvement of the operating conditions of private enterprises, and with the gradual improvement of exports, these problems will gradually disappear. EconomyRecovery and development is a process that takes time, and we should be confident that in 2024, we will achieve even more significant results. Let's see the current onecpiWhen it comes to data, don't panic because it's persistentEconomyRecovery takes time to accumulate and settle, and we are on that path.
The issue of working-class income is currentcpiOne of the important reasons for the decline. To solve this problem, we need to take proactive policy measures to speed up the recovery of private enterprises and raise the income level of wage earners.
First of all, accelerating the recovery of private enterprises is the key to solving the problem of wage earners' incomes. Private enterprises are an important force in employment in our country, but due toPandemicwithEconomyDue to the downturn and other reasons, many private enterprises are facing difficulties and challenges. Therefore, we should take active measures to reduce taxes and fees and optimize themFinancial servicesand the business environment to support the recovery and development of private enterprises. Only the recovery of private enterprises can provide more employment opportunities and ensure the income stability of the working class.
Second, direct support for wage earners is also an important way to solve the income problem. ** The real income level of wage earners can be increased through direct wage subsidies. This subsidy can be paid regularly or irregularly to ensure that wage earners receive tangible support. In addition, we can also improve the social security system and increase subsidies for low-income groups to improve their quality of life and spending power.
To sum up, solving the problem of wage earners' income requires a comprehensive approach. Only by speeding up the recovery of private enterprises and directly supporting the working class can we raise the income level of the working class and enhance their spending power, thereby promotingEconomyof sustainable development. **When formulating relevant policies, we should pay attention to reasonable regulation and control, and adhere to itMacroeconomicsstability, and at the same time increase support for private enterprises and wage earners, promoteEconomyrecovery and social stability.