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Article source: Securities TimesIn the specific deployment, the Central Economic Work Conference decided to "implement special actions to boost consumption, promote low-and middle-income groups to increase their income and reduce their burdens, and enhance their spending power, willingness and level. Appropriately raise the basic pension for retirees, raise the basic pension for urban and rural residents, and raise the financial subsidy standard for medical insurance for urban and rural residents. "

Among the nine key tasks of economic work next year, "vigorously boosting consumption, improving investment efficiency and expanding domestic demand in all directions" ranks first. Among them, "consumption" has been placed in a more important position. The Central Economic Work Conference pointed out that it is necessary to grasp key links to complete the key tasks of economic work next year, and focus on boosting domestic demand, especially consumer demand.Zhao Bo, an associate professor of economics in the National Development Research Institute of Peking University, pointed out that since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, the proportion of China's household consumption in GDP has experienced a short-term rise and a continuous decline, and rebounded around 2009, and it is currently maintained at around 40%.Among the nine key tasks of economic work next year, "vigorously boosting consumption, improving investment efficiency and expanding domestic demand in all directions" ranks first. Among them, "consumption" has been placed in a more important position. The Central Economic Work Conference pointed out that it is necessary to grasp key links to complete the key tasks of economic work next year, and focus on boosting domestic demand, especially consumer demand.

In July this year, some measures were introduced to support large-scale equipment renewal and trade-in of consumer goods (that is, "two new"). Among them, 300 billion yuan of ultra-long-term special national debt is regarded as the key driving force for the effective implementation of the "two new" policies. Judging from the landing effect, this move is also promoting the accelerated release of consumption potential. According to the data of the Ministry of Commerce, it took 79 days for the current round of national home appliance trade-in sales to exceed 100 billion yuan, and it took only 40 days from 100 billion yuan to 200 billion yuan; As of 24: 00 on December 9, the total number of automobile trade-in has exceeded 5 million, including 2.44 million scrapped and 2.59 million replaced.In July this year, some measures were introduced to support large-scale equipment renewal and trade-in of consumer goods (that is, "two new"). Among them, 300 billion yuan of ultra-long-term special national debt is regarded as the key driving force for the effective implementation of the "two new" policies. Judging from the landing effect, this move is also promoting the accelerated release of consumption potential. According to the data of the Ministry of Commerce, it took 79 days for the current round of national home appliance trade-in sales to exceed 100 billion yuan, and it took only 40 days from 100 billion yuan to 200 billion yuan; As of 24: 00 on December 9, the total number of automobile trade-in has exceeded 5 million, including 2.44 million scrapped and 2.59 million replaced.In the specific deployment, the Central Economic Work Conference decided to "implement special actions to boost consumption, promote low-and middle-income groups to increase their income and reduce their burdens, and enhance their spending power, willingness and level. Appropriately raise the basic pension for retirees, raise the basic pension for urban and rural residents, and raise the financial subsidy standard for medical insurance for urban and rural residents. "