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Article source: Securities TimesZhou Qingjie, a professor at the School of Economics of Beijing Technology and Business University, said in the article "Paying attention to the key role of household consumption in expanding domestic demand" that according to the internationally accepted national economic accounting system, household consumption is one of the "four pillars" in GDP, alongside domestic private total investment, government purchase, public investment and net export. From the international comparison, the proportion of Chinese residents' consumption in GDP is at a relatively low level. Therefore, in the process of building a new development pattern in China, the effective practice of expanding domestic demand strategy depends more on the "internal" efforts of residents' departments, so that residents can spend money, rest assured and freely.In view of investment, the meeting once again stressed the need to "improve investment efficiency." Cai Yang, Investment Research Institute of the National Development and Reform Commission, and Hao Xiaojing, China Academy of Fiscal Science wrote that the so-called "benefits" mainly have three characteristics: overall situation, long-term nature and adaptability. In the "expanding the effective investment index system" compiled by them, comprehensive economic benefits, adapting to demographic changes, accelerating the formation of new quality productive forces, and consolidating national strategic security are the four expected first-level indicators to quantify investment benefits. Cai Yang and Hao Xiaojing believe that the government should create a good macro-environment, institutional environment and market environment, adjust the direction and intensity of macro-control in a timely manner, comprehensively use various policies to guide the allocation of social resources, and strive to achieve a series of expected indicators.

In view of investment, the meeting once again stressed the need to "improve investment efficiency." Cai Yang, Investment Research Institute of the National Development and Reform Commission, and Hao Xiaojing, China Academy of Fiscal Science wrote that the so-called "benefits" mainly have three characteristics: overall situation, long-term nature and adaptability. In the "expanding the effective investment index system" compiled by them, comprehensive economic benefits, adapting to demographic changes, accelerating the formation of new quality productive forces, and consolidating national strategic security are the four expected first-level indicators to quantify investment benefits. Cai Yang and Hao Xiaojing believe that the government should create a good macro-environment, institutional environment and market environment, adjust the direction and intensity of macro-control in a timely manner, comprehensively use various policies to guide the allocation of social resources, and strive to achieve a series of expected indicators.Article source: Securities TimesAt the same time, the meeting also decided to "intensify efforts to expand the scope and implement the' two new' policies" next year, which is also an important point of view of the incremental policy next year. In the early stage of the trade-in policy for consumer goods, Shenzhen, Shanghai and other places have explored the expansion of financial subsidies from eight categories of household appliances to 3C products, and arranged incremental measures such as "expanding the scope" of financial funds at the same level.

Only by improving the consumption level of the whole people can we promote economic development! ! ! Therefore, boosting consumption will be the top priority of economic work.Article source: Securities Times