Since the Chinese economy eutered the New Normal, the contribution rate of consumption has exceeded investment, becoming an important driving force for economic development. Due to the insufficient supply and imperfect consumption infrastructure, however, consumption growth is confronted with many constraints. On the basis of reviewing the current situation and characteristics of consumer market development, this paper analyzes the main problems faced by consumer growth at present, and then puts forward some suggestions on system design, adjustment and expansion of effective supply and improvement of supervision mode for better promoting the role of consumption as the “stabilizer” and “ballast” of economic growth.
Keywords: consumption growth, consumption upgrade, effective supply
China Finance and Economic Review
Volume 7 Number 2 Summer 2018.P23