On March 21, recently, the mass consumption track has warmed up, with cars, food and beverage, Baijiu, household appliances, consumer electronics and other sectors taking turns to rise. The current consumer market is experiencing a surge in popularity, with an increase in the penetration rate of new energy vehicles, a rebound in home appliance sales, offline dining queues, some movies reaching new box office records, and consumer electronics products powered by artificial intelligence (AI) technology selling out. In order to vigorously boost consumption, expand domestic demand in all aspects, increase income and reduce burden to enhance consumption capacity, create effective demand with high-quality supply, optimize the consumption environment to enhance consumption willingness, and address prominent contradictions that constrain consumption, the “Special Action Plan for Boosting Consumption” has recently been launched. Several fund insiders said that its significance lies in further stimulating market vitality and promoting consumption upgrading through a series of specific measures such as innovating diversified consumption scenarios and expanding service consumption. Not only did it stabilize market confidence, but it also pointed out the most promising direction for future consumption growth. (China Securities Journal)
Scan code to share