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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.Article source: Securities TimesIn 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 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. "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%.Article source: Securities Times

Securities Times reporter Qin YanlingOnly 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.Securities Times reporter Qin Yanling