The Return of High-end Consumption:An Important Measure to Expand Domestic Demand and Promote Upgrading
Expanding domestic demand and promoting upgrading is an important strategic choice for China's economic development.Domestic demand is the main body of the total demand of the national economy and the core driving force for the economic development of large countries.Expanding domestic demand must be placed in an extremely important strategic position.Promoting economic transformation and upgrading is an inherent requirement and inevitable choice for promoting high-quality development.Consumption plays an increasingly important role in expanding domestic demand and promoting upgrading.As the income levels of urban and rural residents continue to increase,consumers'demand for high-end goods continues to increase,and high-end consumption has become an important dimension of the consumer market.After the CO VID-19,the overseas shopping activities of Chinese residents have dropped significantly,leading to more high-end consumption flowing into domestic market.However,since 2023,consumption activities in the form of outbound tourism and overseas purchasing have gradually recovered,and the outflow of high-end consumption in China has once again attracted the attention of academia and industry.The return of high-end consumption is an important path to expand domestic demand,promote economic growth and structural upgrading.Currently,the return of high-end consumption faces multiple challenges such as insufficient domestic brand influence,lack of price competitiveness,and service needs that have not been fully met.We should enhance domestic market supply quality and brand influence,develop a tax-free economy to reduce price costs and tax burdens,improve market service levels and experience,and actively address global supply chain issues and risks,to guide the return of high-end consumption.
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