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Article source: Securities TimesArticle source: Securities Times

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. "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.

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.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