Jin Guanping: The hot consumption during the Spring Festival demonstrates the resilience of the econ

Mondo Finance Updated on 2024-02-21

During the Spring Festival holiday, China's consumer market is booming, inspiring surging development momentum. The total number of cross-regional personnel flows in the whole society has reached 229.3 billion people, the total cost of domestic tourists is 63268.7 billion yuan, and the average daily amount of online payment transactions processed by NetUnion UnionPay reached 125 trillion yuan. A series of data fully demonstrates the huge potential of the domestic market and the strong resilience of China's economy.

Consumption data reflects the trend of consumption upgrading. The sales of sugar-free pastries, health care gift boxes, low-fat snacks and other goods have grown rapidly, and green products and services such as energy-saving home appliances and low-carbon travel have been widely popular, reflecting the consumption concept of paying more attention to green and health. Engrave your name, print your zodiac, and write your own blessings, all kinds of customized New Year's goods reflect personalized and diversified needs. Wearing Hanfu, watching a folk performance, and shopping in time-honored stores, the hot sales of domestic products, national tide, and national rhyme products show people's cultural self-confidence. Buy a set of floor scrubbers, dishwashers, and replace a set of smart door locks, and the rich digital and intelligent scenarios have provided more solid scientific and technological support for the new needs of people's better life.

Consumption data reflect the results of supply-side structural reforms. In 2023, there will be 19.64 million new consumer goods registered to use commodity barcodes in China, and the total number of consumer goods will reach 19,17370,000 species. In 2023, a total of 39 of the 41 categories of consumer goods registered to use commodity barcodes will grow. The supply level of consumer goods such as travel, home furnishing, and food and beverage has accelerated, supporting the booming online and offline consumption scenarios. The vitality potential of the consumer market will continue to drive the improvement and innovation of supply, and promote the supply and demand cycle of the whole society to reach a higher level.

Consumption data confirms the improvement of the consumption environment. Eat, drink, entertain and shop, one stop in the business district. During the Spring Festival holiday, the total passenger flow in key business districts across the country reached 2500 million passengers, a year-on-year increase of 18%, and the flow of foreign passengers increased significantly. The commerce department has made great efforts to improve the business system, improve the circulation network, and improve the people's consumption experience. In recent years, various localities have continuously upgraded and renovated township business centers, large and medium-sized supermarkets, bazaars, etc., and continued to improve refrigeration, processing, distribution and other facilities, providing conditions for high-quality commodities to "go to the countryside". According to statistics, the sales of domestic floor scrubbers, dishwashers and other smart home products in the county market during the Spring Festival holiday increased by more than 60%.

* The Economic Work Conference emphasized the need to promote consumption from post-pandemic recovery to continuous expansion. The sustainability of active consumption also requires increasing residents' income, optimizing the employment environment, and consolidating social security. All localities and departments should make greater efforts to promote the continuous stabilization and improvement of the consumer market, cultivate more new highlights of consumption, extend the trend of "good start" in consumption, and continuously accumulate new momentum for high-quality economic development. (Author: Jin Guanping **Economy**).

*:Economy**.

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