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Time:March 20-22, 2021
Beijing Diaoyutai State Guesthouse
Sponsor:Development Research Center of the State Council
Organiser:China Development Research Foundation
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(2021)New Consumption: to Inject Strong New Impetus into the New Development Pattern

Abstract: Over the past 40 years of reform and opening up, the living consumption level of the Chinese people has been greatly improved. We have made a historic leap from lack of basic living necessities to prosperity for all, and are embarking on a new journey to build a modern China. People have a stronger desire for a better life, and five new trends and new driving forces of consumption, namely, "quality improvement, transformation, differentiation, innovation and remodeling", have emerged, which are not only the main driving force and "ballast stone" for the steady growth of the national economy at present and in the future, but will play a very important guiding and driving role for the realization of high-quality development, the acceleration of the construction of a modern industrial system, and the realization of innovation-driven development in China, as well as provide strong new impetus for the new development pattern in which domestic circulation play a dominant role and domestic and international circulations mutually reinforce each other.

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