Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand
CCTV News: During the closing period of the first half of the year, the Chinese economy showed a clear trend of recovery and improvement. Various regions are actively taking measures to promote the sustained recovery of consumption, focusing on restoring and expanding domestic demand, accelerating industrial upgrading, and steadily promoting high-quality economic development.
The overall level of prosperity in China's manufacturing industry has improved
![Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand](https://a5qu.com/upload/images/8214106b9876a366bf4a25d3a8a9299b.jpg)
On June 30th, the China Federation of Logistics and Purchasing and the National Bureau of Statistics announced that the Purchasing Managers' Index for China's manufacturing industry in June was 49%, an increase of 0.2 percentage points from the previous month, indicating that the economic operation has stabilized.
Growth in import and export volume between China and other RCEP members in the first 5 months
![Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand](https://a5qu.com/upload/images/3b04c9cfd63b748bba32dc82163ac237.jpg)
In the first five months of 2023, the total import and export volume between China and other RCEP members was 5.11 trillion yuan, a year-on-year increase of 4.5%. In 2022, the total import and export volume between China and other RCEP members reached 12.95 trillion yuan, an increase of 7.5% compared to the previous year. China is injecting new momentum into regional and even global trade and investment growth.
Unleashing new consumption potential and enhancing endogenous driving force for economic development
![Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand](https://a5qu.com/upload/images/78962eda1a260c1553432761be511430.jpg)
Hainan has launched the International Offshore Duty Free Shopping Festival, distributing 30 million yuan of offshore duty-free consumption vouchers to continuously stimulate the potential of duty-free shopping.
In the first five months of 2023, Jiangsu has carried out more than 1400 consumption promotion activities, distributing 120 million yuan of consumer vouchers and 35 million yuan of digital RMB red envelopes. The total retail sales of consumer goods in the province reached nearly 1900 billion yuan, a year-on-year increase of 11.4%, and the momentum of accelerated consumption recovery is becoming more apparent.
![Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand](https://a5qu.com/upload/images/4f5fdced49e4fd2635a9f6b0ba5410ed.jpg)
To welcome the peak tourism season, Tekes County in Ili, Xinjiang has prepared rich ethnic specialty cuisine for tourists. The distinctive ethnic culture, traditional intangible cultural heritage performances, and the unique market culture of Xinjiang have attracted many tourists.
With the popularity of folk tours, summer vacations, and study tours, various regions are striving to enrich the supply of cultural and tourism products, optimize consumption scenarios, welcome the peak summer consumption season, and accumulate energy to promote consumption and expand domestic demand.
![Enriching Supply and Unleashing New Consumption Potential in Various Regions to Promote Consumption and Expand Domestic Demand, Energy Storage and Boosting Economy | China | Domestic Demand](https://a5qu.com/upload/images/31ba2fb6036e8e6da828cb35f0303d37.jpg)