Ningxia conscientiously implements the decision-making and deployment, makes every effort to stabilize the economy, ensure growth and promote development, and builds in accordance with the 13th Party Congress of Ningxia".Consumption boom".to introduce a series of policy measures to support the expansion of consumption and promote economic growth.
1. Ningxia's policy practice and effectiveness of expanding consumption.
Ningxia gives full play to the guiding and encouraging role of fiscal policy funds, highlights key areas, implements overall urban incentives, carries out various activities to promote consumption, focuses on tapping consumption potential, stimulates consumption vitality, and continues to recover market consumption. In the first half of 2023, the added value of wholesale and retail trade in the region increased by 51%, 55 percentage points.
The retail sales of upgraded commodities such as gold, silver and jewelry, cultural and office supplies, communication equipment, and automobiles above designated size increased year-on-year respectively. 3% and 99%；The retail sales of basic daily commodities such as grain, oil, food, beverages, tobacco and liquor, and Chinese and Western medicines increased respectively. 3% and 56%。With the support of a package of policies to expand consumption, the overall consumption of the whole region has rebounded, and the demand has continued to pick up, pushing the economic growth rate of the whole region back to the upward channel.
1) The implementation of policies and measures is detailed, and multi-party linkage focuses on consumption.
Ningxia issued "17 Articles" to support the expansion of consumption, and in accordance with the goal of "having a theme for each season, focusing on each month, and having a scene every week", the district departments and counties (cities and districts) have carried out nearly 200 consumption promotion activities, such as Ningxia famous and characteristic agricultural products, consumption activities benefiting the people in the whole region, and the "Lang Ningxia Taste" 2023 Ningxia Food and Culture Festival.
The five prefecture-level cities have issued a total of 132 policies and measures focusing on cultural tourism, urban consumption, special agricultural products, automobiles and home appliances, real estate market, and night-time economy, and carried out various ways to promote consumption activities and effectively promote the recovery of the consumer market. Yinchuan City has carried out 46 first-class activities such as folk song festivals, international auto shows, rural food displays, and smart home appliances going to the countrysideShizuishan City has created a number of popular consumption scenes such as "Shahu Sleepless City Street", "Hongzhuzi Street Night Economic Gathering Area" and "Longquan Village Rural Demonstration Site", and held 16 series of activitiesWuzhong City successfully held the Morning Tea Food Culture Festival and the Yellow River Jin'an Marathon, carrying out 423 first-class activities and attracting 216 passengers70,000 people;
Guyuan City has built key consumption platforms and carriers, strengthened innovation and enriched consumption scenarios, strengthened the small store economy and the first store economy, and released new vitality of consumptionZhongwei City held the second Chef Competition, barbecue beer festival and other theme activities, showing a vibrant, diversified and rich consumption scene, and the number of activities from other places has increased significantly.
2) Bulk commodities will be promoted in an orderly manner, benefiting enterprises and benefiting the people.
Carry out bulk commodity consumption activities such as car trade-in, green smart home appliances going to the countryside, and green smart home appliances trade-in, and organize the backbone enterprises of automobiles and home appliances in the region to make 8%-13% concessions on the designated models of their brands, and distribute 13 on the spot40,000 yuan no threshold voucher.
In August 2023, the "Embrace Quality, Tesco Life" automobile and green smart home appliances into the community and the countryside will be launched, and the leading enterprises of automobiles and green smart home appliances in the region will be linked to carry out the "4+10" exhibition and sales activities of automobiles and smart green home appliances in communities and townships. In the first half of 2023, the retail sales of upgraded goods such as automobiles, communication equipment, and household appliances above designated size in the region increased year-on-year respectively. 3% and 01%。
3) Consumption vouchers lead a new upsurge of consumption, and social funds aggregate consumption.
In accordance with the idea of "leading the way, enterprise participation, social linkage, and market promotion", we will coordinate the financial resources of finance, UnionPay, banks, enterprises, and network operation platforms, attract market entities and all kinds of enterprises to participate together, and adopt online grabbing "electronic coupons" and offline "physical coupons", issuing inclusive consumption vouchers by category and file, issuing Huimin coupons and love coupons to low-income groups, and carrying out a series of colorful consumption promotion activities through centralized displays, special concessions, live streaming, and full reduction and deduction. In the first half of 2023, the district will arrange special funds to promote consumption1500 million yuan, 5.13 million consumption vouchers of various types were issued, and social consumption was leveraged 19$100 million.
4) Supervision and inspection are followed up simultaneously, and the evaluation and effectiveness focus on consumption.
The Department of Finance, the Department of Commerce, the Department of Agriculture and Rural Affairs and the five municipal departments of finance and commerce have held many meetings on the implementation of the "17 Articles" policy measures to listen to the implementation of the policies and measures and make a list of specific arrangementsActively cooperate with the Autonomous Region's ** Supervision Office to go to the five cities to carry out the supervision of expanding consumption;In conjunction with the Department of Commerce and the Department of Agriculture and Rural Affairs, special inspections will be carried outTake the lead in the development of the "Expand Consumption ** Direct Reporting System" to grasp the daily consumption promotion dynamics in real time.
2. Analysis of the problems and causes of Ningxia's further expansion of consumption.
1) Bottlenecks and difficulties restricting Ningxia to further expand consumption.
First, consumer confidence has been slow to recover. In the first half of 2023, the total retail sales of consumer goods in the region reached 6417.2 billion yuan, down 12%, down 3 percentage points from the first quarter and lower than the expected target of 6 for the whole year2 percentage points. The growth rate of the district's household consumption** index increased from 2 in January2% down to 02%。Second, the lack of effective supply restricts the growth of consumption.
Ningxia's effective supply is weak, the ability to create demand is not strong, and product upgrading and optimization are slow. In the first half of 2023, Ningxia's agricultural production situation recovered well, but agricultural products such as animal husbandry and dairy industry continued to decline, and dairy farmers and dairy enterprises were severely affected by the market. The sales of 258 large self-employed households above designated size and 84 large self-employed households in wholesale and retail trade in the region increased year-on-year compared with 8 for corporate enterprises2 percentage points.
Third, efforts are still needed to increase residents' incomes and expand employment. In the first half of 2023, the per capita disposable income of Ningxia residents will be 1380,000 yuan, which is higher than the national average (1970,000 yuan) is 0590,000 yuan;The average surveyed unemployment rate in urban areas is 54%, which is higher than the national average (5.).3%）0.1 percentage point. The implicit unemployment is explicit, the structural contradiction of youth employment is prominent, the reduction of job supply and structural unemployment appear at the same time, and the employment situation is complex. The employment situation of college students is relatively severe.
3. Analysis of policy opportunities and paths for implementing consumption expansion.
1) An important opportunity for fiscal support to expand consumption.
At present, Ningxia is still facing bottlenecks and constraints in continuously expanding consumption, and after the phased strong stimulus policy is withdrawn, it is necessary to identify the shortcomings and weaknesses of consumption, further improve the consumption environment, and promote consumption to continue to become the main driving force of the economy. Judging from the situation in the first half of 2023, there is still some room for digestion and extension of Ningxia's phased strong stimulus policy, and it is necessary to further study the policy transmission mechanism, sort out and optimize the existing consumption policy, enhance the intensity and intensity of precise policy implementation, find the right force point, and increase the leverage effect.
The first is to seize the opportunity period of integrating into the domestic cycle and building a unified market. As an underdeveloped region in the western region, Ningxia urgently needs to accelerate its integration into the domestic circulation system and the construction of a unified domestic market. It is necessary to pay close attention to the opportunity period of domestic transportation, warehousing and logistics, and clean energy construction, strengthen the construction and management of network freight platforms, promote the construction of comprehensive freight hubs, gather cargo transportation business volume, and promote the steady increase of road freight volume.
The second is the resumption of consumption growth with the blessing of consumption vouchers. Consumption vouchers can help to achieve synergy between stimulating consumption, enterprises getting out of poverty, and rural revitalization. The design of consumer products of consumption vouchers is combined with the production of products and the sales of special agricultural products by local enterprises, which can boost residents' consumption while increasing corporate orders and promoting the upward movement of local products. Third, the tax reduction and exemption policy has helped bulk consumption continue to recover. China has introduced preferential policies for passenger car purchase tax reduction and "trade-in" and new energy vehicle subsidy policies, accelerated the construction of infrastructure such as charging piles for new energy vehicles, consolidated and expanded the growth momentum of new energy vehicle sales, and promoted the recovery of automobile consumption.
At the same time, large-scale tax refunds, tax reductions and fee reductions have effectively boosted the confidence of market entities, driven local employment, and stimulated consumption and investment810,000 households, an increase of 6 over the same period of the previous year33%, forming a circular effect of optimizing the business environment and sustaining economic improvement. Fourth, the platform economy empowers online consumption. The online platform economy has opened up a broad space for retail, catering, transportation, and Ningxia excellent product sales.
Ningxia has formulated the "Several Policies of Ningxia Hui Autonomous Region to Encourage the Development of E-commerce Industry", vigorously supporting the introduction of e-commerce enterprise headquarters, and giving a maximum reward of no more than 2 million yuan, and Ningxia's e-commerce industry has ushered in a period of vigorous development. In the first half of 2023, Ningxia achieved online retail sales of 17.5 billion yuan, a year-on-year increase of 17%, and e-commerce has become an important driving force to create consumption increments and promote consumption recovery.
2) Expand the areas and directions of priority support for consumption policies.
Ningxia mainly adopts the production method to calculate the GDP, that is, the added value is calculated according to the three industries, and then the added value of the primary industry, the added value of the secondary industry and the added value of the tertiary industry are added together to obtain the gross regional product. According to this accounting method, the contribution of consumption to GDP is actually reflected in the field of large consumption, including the contribution of added value to GDP in wholesale, retail, accommodation, catering, cultural tourism and other industries.
According to this logical analysis, on the one hand, the wholesale and retail industries should not only look at the added value of the industry's own links, but also look at the sales of commodities to stimulate production. Ningxia's production is dominated by heavy industry, and the wholesale and retail industry is dominated by products produced outside the area. On the other hand, cultural tourism, accommodation, catering, and special agricultural products are all produced in the region, which plays a significant role in driving production and value-added, and contributes more significantly to regional GDP. According to the degree of impact on consumption and the possible allocation of resources, the priorities and key areas of Ningxia's consumption expansion can be sorted out.