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2017-11-27
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China consumption is so hot, so awesome?


Wallet, consumer confidence. In the first three quarters of this year, China's residents' income continued to maintain rapid growth, the growth rate is faster than the same period last year and the first half, but also faster than the same period this year, GDP growth. "Good expectations, enhance Chinese consumer confidence, more people dare to spend money."." Nelson, general manager of China District Wei Shao said.

Innovation supply, consumption popularity. With China's supply side structural reform in depth, the consumer market is undergoing qualitative change: in the circulation, the integration of online and offline development; in the production process, the synchronous upgrading of commodity services. These new offerings stimulate buying desire and make people more willing to open money bags.

With the development of traditional shopping malls, consumers feel more and more comfortable when they go shopping. Don't want to carry home when you buy too much? You can express to the door; tired of shopping, want to rest? Restaurant cafe is your choice...... In the first three quarters, sales of professional stores and department stores monitored by the Ministry of Commerce increased by 6% and 1.6% respectively, and the growth rate was 3.5 and 0.6 percentage points higher than that of the same period of last year.

Online shopping surprises, merchandise types and coverage continues to expand. Before buying things inconvenient rural consumers, now catch the electricity supplier express, also can easily "buy" the world". From 1 to October, the national retail sales of physical goods amounted to 4 trillion and 200 billion yuan, an increase of 28.8%.

Emerging services emerge in an endless stream, "buy service" has become a new consumer fashion. Fitness for two hours under the guidance of a private coach is a weekend compulsory course for Hao Jie, a financial enterprise employee in Shanghai, Yangpu District". 300 yuan per hour, she thinks it's worth it: "pay for your health, you don't lose it."." In the first three quarters, the per capita health care and education, culture and entertainment expenditure increased by 13.2% and 8.9% respectively.

New supply, new consumption, effectively leveraging China's economy. In the first three quarters, the contribution rate of final consumption expenditure to economic growth reached 64.5%, up 2.8 percentage points over the same period of last year, 31.7 percentage points higher than the contribution rate of capital formation, and continued to maintain the first driving force. The Ministry of Commerce official said the positive effects of the supply side structural reform will emerge, while income growth and employment maintained at a good level, believe that the consumption potential of residents in our country will be more fully released, the consumer market will maintain steady and rapid growth.

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