Ministry of Commerce: find ways to promote consumption consumption in general is expected to continue to restore the momentum of development

Stabilizing the economy in the fourth quarter work to promote the meeting re-emphasized the need to find ways to promote consumption.

September 29, the Ministry of Commerce held a regular press conference, the Ministry of Commerce said, will be in accordance with the CPC Central Committee, the State Council deployment, continue to do a good job in the prevention and control of the epidemic and the promotion of consumption from the focus of the expansion of the scene, smooth flow of force, to promote the sustained recovery of consumption. Specific measures include supporting the purchase and use of new energy vehicles, accelerating the activation of the second-hand car market, and accelerating the construction of urban quarter-hour convenience living area.

The Ministry of Commerce said that during the "11" holiday period, under the premise of strict epidemic prevention and control, it will continue to promote the "2022 International Consumption Season" activities, and local characteristics, launched a series of diversified and colorful consumption The Ministry of Commerce will actively take measures to do a good job in promoting consumerism. The Ministry of Commerce will actively take measures to do a good job in the market of necessities of life holiday supply and emergency supply.

Consumption in general is expected to continue to regain momentum

The National Bureau of Statistics (NBS) released data showing that total retail sales of consumer goods in August increased by 5.4 percent year-on-year, accelerating the growth rate by 2.7 percent compared with July. Consumer spending continued to pick up, with retail sales of automobiles and home appliances in units above the quota up 15.9 percent and 3.4 percent year-on-year in August, continuing the upturn since June.

Meanwhile, online consumption has been growing steadily, with online retail sales of physical goods up 5.8% year-on-year from January to August, accounting for 25.6% of total retail sales of consumer goods. Service consumption is gradually recovering, with food and beverage revenues up 8.4 percent year-on-year in August.

"In the later stage, with the further release of the effectiveness of various policies, consumption in general is expected to continue to resume the momentum of development." Ministry of Commerce spokesman Shuang Juting said, the next step, the Ministry of Commerce will be in accordance with the deployment of the CPC Central Committee and the State Council, continue to do a good job in the prevention and control of the epidemic and the work of consumption promotion, from the focus, expanding the scene, smooth circulation and other three aspects of the force, to promote the sustained recovery of consumption.

Continuing to promote the implementation of a series of policies and measures to expand automobile consumption

Home appliances, home furnishings, restaurants and automobiles are the traditional "four big guns" of consumption, accounting for 1/4 of the total retail sales of consumer goods. Promote the implementation of a series of policies and measures to expand automobile consumption, support the purchase and use of new energy vehicles, and accelerate the activation of the second-hand car market. Implement the policy measures to promote the consumption of green and smart home appliances, carry out the replacement of old home appliances with new ones, and promote the green and smart home appliances to the countryside. Promote the resumption of the development of catering, accommodation and other industries.

For some time now, in a number of factors **** with the promotion of new energy vehicle sales continue to improve. China Association of Automobile Manufacturers data show that from January to August, the production and sales of new energy vehicles were completed 3.97 million and 3.86 million, an increase of 1.2 times and 1.1 times. It is expected that the annual sales of new energy vehicles this year is expected to exceed 5.5 million units. It is predicted that by 2025 the national new energy (600617) vehicle new car ownership will exceed 25 million; by 2030 it will reach 80 million.

September 26, the Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology issued a notice on the continuation of new energy vehicles exempted from vehicle purchase tax policy. CITIC Securities (600030) research report that the three departments jointly issued a notice on the continuation of new energy vehicles exempted from vehicle purchase tax policy, the acquisition date of January 1, 2023 to December 31, 2023 within the new energy vehicles, continue to be exempted from vehicle purchase tax is expected to continue to promote new energy automobile industry to maintain a high boom from the policy side of the growth. In the long run, the global new energy vehicles into a high-speed growth stage.

In addition, Shu Jue Ting also said, will further restore and activate the consumption scene, through the digital empowerment, business tourism, culture and sports integration to create a new scene of consumption. Give full play to the role of international consumption season, import expositions and other important platform carriers, optimize the supply structure, stimulate consumption vitality. Promote the healthy development of new forms and modes of business, expand brand quality consumption, and promote green consumption.

In terms of smooth circulation, it will promote the construction of county commercial systems, improve the supply chain system of agricultural products (000061), and actively expand rural consumption. We will accelerate the cultivation and construction of international consumption center cities, promote the creation of smart business districts and store demonstrations, accelerate the construction of urban quarter-hour convenient living area, and strive to enhance urban consumption.

Doing a good job of market supply of daily necessities and emergency supply during the National Day

"The Golden Nine and Silver Ten" is the traditional peak season for consumption, and the "11th" holiday is the peak period for residents' consumption.

"11" holiday period, in the strict prevention and control of epidemics under the premise of the Ministry of Commerce to continue to promote the "2022 International Consumption Season" activities, the local characteristics of each place, launched a series of diverse and colorful consumer promotion activities, such as the Guangxi held China - ASEAN International Consumption Season, the Chinese government to promote the development and implementation of the "2022 International Consumption Season" activities. Such as Guangxi held China - ASEAN International Consumption Season, Zhejiang held "Zheli to consumption - 2022 Golden Autumn Shopping Festival", Jiangsu launched the "Su new consumption - Golden Autumn Huizhou shopping" activities.

Shuang Juting said, the Ministry of Commerce will actively take measures to do a good job in the market of essential commodities holiday supply and emergency supply. To "guarantee the total amount, basic, market, people's livelihood" as the goal, to maintain the emergency supply mechanism is always in an active state, strengthen the market operation monitoring and early warning, timely organization of inter-provincial linkage transfer of supplies, play the role of meat reserve market regulation, to ensure that during the National Day Holiday market supply of essential commodities is sufficient, and the price of the overall stability.