China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China
CCTV News: Fu Linghui, spokesperson for the National Bureau of Statistics, stated that in the first half of 2023, facing a complex and severe international environment, the demand in the Chinese market gradually recovered and the economy rebounded. However, it should also be noted that the global economic recovery is weak, and the foundation for sustained domestic economic development is still unstable. In the second half of the year, efforts will be made to expand domestic demand, accelerate the cultivation and growth of new driving forces, and promote the overall improvement of the economy.
Fu Linghui: The national economy recovered and improved in the first half of the year
![China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China](https://a5qu.com/upload/images/e06612f87da3aa338b05b26e23eb8607.jpg)
In the first half of 2023, with the comprehensive restoration of normal economic and social operations, the demand in the Chinese market gradually recovered, macroeconomic policies showed significant effectiveness, and the national economy rebounded and steadily advanced towards high-quality development.
The total social consumption in the first half of the year increased by 8.2% year-on-year
![China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China](https://a5qu.com/upload/images/387f173aac05f889da29c2e15b077381.jpg)
In the first half of 2023, with the continuous efforts of consumption promotion policies, coupled with the significant effects of the Spring Festival, May Day, and Dragon Boat Festival holidays, various consumption promotion activities were carried out, promoting the improvement of residents' consumption ability and willingness. The overall Chinese consumer market continues to rebound and improve, gradually enhancing its driving effect on economic growth.
In the first half of the year, the total retail sales of consumer goods reached 2275.88 billion yuan, a year-on-year increase of 8.2%. Among them, urban areas increased by 8.1% year-on-year, rural areas increased by 8.4% year-on-year, and catering increased by 21.4% year-on-year. The expansion of China's consumption scale, upgrading of consumption structure, and continuous innovation in consumption patterns are conducive to promoting the overall improvement of the economy.
![China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China](https://a5qu.com/upload/images/e964657d1f5a7c6ab58182391dfe5b77.jpg)
There is still significant room for improvement in the consumption capacity and willingness of residents
The consumption growth in 2023 has played an important role in stabilizing economic growth. However, it should also be noted that currently, consumption growth still faces some constraints, and there is still significant room for improvement in residents' consumption ability and willingness to consume. In the next stage, we should continue to promote stable growth, employment, and prices, implement various policies to promote consumption, actively restore and expand traditional consumption, accelerate the cultivation of new consumption, promote stable consumption growth, and promote sustained and healthy economic development.
![China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China](https://a5qu.com/upload/images/9b2daa1f9b54262959a96d84378d23e5.jpg)
Further efforts are needed to promote the sustained recovery and improvement of the Chinese economy
Fu Linghui stated that currently, the Chinese economy is showing a recovery and improvement trend, with solid progress in transformation and upgrading. However, it should also be noted that the international political and economic situation is complex, and the global economic recovery is weak. Further efforts are still needed to promote the sustained recovery and improvement of the economy.
![China's consumer market continues to rebound and its role in driving economic growth gradually improves. Spokesperson | Consumption | China](https://a5qu.com/upload/images/c30a96e092a7d74ff3e17871e6020adb.jpg)