·Ministry of Commerce: Consumption accounts for 50% of GDP in 10 years

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According to China Voice's "National News Network" report, the Ministry of Commerce released a report on the 4th that China's consumption rate will occupy half of the country for the first time in the past 10 years, and the consumption-driven development model will be basically established this year.
According to the "2015 Consumer Market Development Report", smart living consumption, green environmental consumption, global fashion consumption, cultural and sports consumption will become the main consumption hotspots this year. Zhao Ping, deputy director of the Consumer Economics Research Department of the Ministry of Commerce, said that due to favorable factors such as steady growth in income of urban and rural residents, increasing coverage of social security, and significant increase in service consumption, the consumption rate will break through this year for the first time in nearly 10 years. 50%:
Zhao Ping: The trend of consumption growth this year will be significantly better than investment and exports. In the past few years, among the new GDP, the contribution rate of consumption has always ranked first, and the proportion of consumption in GDP this year is also expected to exceed 50%, a record high, and truly become a "three carriages". One of the strongest in the pull.
With the widespread application of new generation information and communication technologies such as Internet of Things, big data, cloud computing, etc., “Internet +” has spawned more new models and new formats, and information consumption will continue to release dividends. It is expected that the scale of information consumption in China will exceed that of the whole year. 3.2 trillion yuan, an increase of more than 20% over last year. In addition, Zhao Ping predicted that luxury goods prices will be further reduced this year, entry-level and mid-level consumer goods will return to reasonable prices.
Zhao Ping: Entry-level and mid-level consumer goods are actually high-end mass consumer goods, but in the past they were classified as luxury goods because of their relatively strong prices. This year, with the tide of luxury goods price cuts and China's adjustment of the tax policy on imported luxury goods, the price of imported luxury goods will be further lowered, so that more middle class can afford and consume more.

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