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Kuang Xianming, researcher at the Economic Research Center of the China (Hainan) Institute of Reform and Development
As one of the important drivers of economic growth, stable growth is inseparable from stable consumption
In terms of expenditure level, the per capita service consumption expenditure of urban and rural residents in China will reach 10,645 yuan in 2021, exceeding the level of 9,886 yuan in 2019
Service consumption has not fully recovered, which is an important manifestation of demand contraction
On the one hand, more attention should be paid to safeguarding market entities and ensuring effective service supply
On the other hand, pay more attention to the normal operation of the market cycle in the service field to ensure the effective connection of service supply and demand
From the perspective of development trends, the upgrading of China's consumption structure is still a major trend, with huge potential for service consumption
