After 2023 efforts, we ushered in 2024, however, one problem that is still plaguing the Chinese economy is consumption. In *** recently thrown 2Behind the 6 trillion market, there are hidden historical problems and interests in the consumer field. We can't help but ask: Is the problem of domestic demand in 2023 really solved? And in 2024, will consumption continue to be a problem plaguing China's economy?
2023 Economic Review and Challenges:Looking back on 2023, one of the economic issues that we are most concerned about is "sluggish domestic demand and weak consumption". Despite strong performance in 2023 in catering, accommodation and tourism, the total retail sales of consumer goods will only grow by 7% year-on-year2%。This growth, while looking good on the surface, is actually achieved from a low base. The two-year compound growth rate is only 35%, which is lower than the two-year compound growth rate of GDP. Therefore, in 2024, the issue of consumption will remain a major challenge.
2024 Outlook and Policy Trends:In the face of the consumption dilemma, "expanding domestic demand" in 2024 is listed as the second of the nine major tasks. ** The goal of "focusing on expanding domestic demand and promoting the further development of the domestic demand market through consumption stimulus and other measures" was proposed. And among them, a much-talked-about initiative is the installation of elevators, which is considered a huge 26 trillion market.
Installation of elevators in old communities: market opportunities and practical difficulties:In 2024, the installation of elevators in old residential areas will become a highlight in the "people's livelihood project". According to the data, nearly 100,000 elevators have been installed in existing residential buildings across the country, but there is still a long way to go to meet the needs of 1.7 million old buildings across the country. Why is it that in this seemingly huge market, there are many difficulties in actually promoting it?
Conflicts of Interest and Practical Issues:Installing an elevator is not an easy task and involves the signing of all residents, while residents on the first floor may refuse to sign because they do not use the elevator. In addition, the building safety assessment and the requirement of a professional construction team also make it more difficult to carry out. Therefore, although the market is huge, the actual implementation is full of interest disputes and complex practical situations.
The role of local ** and the challenges at the community level:To drive this massive market, more needs to be done at the local** and community levels. Although policies have been issued in the renovation of urban villages and support for the installation of elevators, more legislative intervention may be needed to solve practical problems. Therefore, while resolving interest disputes and promoting projects, local governments also need to strengthen support at the legislative level.
Conclusion:In 2024, China's consumer economy will face huge challenges and opportunities. Although the policy of expanding domestic demand has been proposed, in practice, measures such as the installation of elevators are facing many difficulties. To solve this dilemma, local governments need to play a greater role in interest disputes and practical issues, and may need to promote resolution at the legislative level. This is not only an economic issue, but also a livelihood project related to the well-being of the people, which requires the joint efforts of all parties. In the new year, we look forward to more innovative solutions to inject new vitality into China's consumer economy.
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