Optimizing consumption structure and upgrading service-oriented consumption have become an important support for China’s high-quality development.

　　CCTV News:Through nearly three years’ practice, the Expo has become an important window to show China’s big market. What are the new trends in China’s consumption at present? The Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) issued by the Central Committee of the Communist Party of China and the State Council mentioned that China’s final consumption expenditure accounted for more than 50% of GDP for 11 consecutive years. In 2022, the contribution rate of domestic demand to economic growth reached 82.9%. It can be seen that domestic consumption is the main driving force of economic growth.

　　Optimization and upgrading of China’s consumption structure in the past ten years

　　From the perspective of consumption structure, the data report released by the National Bureau of Statistics shows that in the past decade, China’s consumption structure has been optimized and upgraded, and development-oriented enjoyment consumption has been increasing. Experts predict that by 2025, the proportion of service-oriented consumption is expected to increase to about 50%, bringing about 10 trillion yuan of new consumer market and forming an important support for China’s high-quality development.