National Bureau of Statistics: Consumption is expected to gradually recover, and online consumption and upgrading consumption will still become an important support for consumption.
On May 16th, the State Council held a press conference on the operation of the national economy in April 2022. Fu Linghui, spokesperson of the National Bureau of Statistics and director of the comprehensive statistics department of the national economy, said that consumption is expected to gradually recover, and online consumption and upgraded consumption will still become an important support for consumption. In April, although the total retail sales of social consumer goods declined, the pace of consumption recovery will accelerate as the impact of the epidemic is gradually controlled. From the experience since the outbreak of the epidemic in the past two years, once the epidemic is effectively controlled and the normal life order is restored, the pent-up consumer demand will be released quickly. In the next stage, the efforts to help enterprises stabilize their posts will be intensified, and the employment base will be generally stable, which is conducive to ensuring residents’ income and consumption power. Benefiting from the development of information technology, some traditional contact consumption has been transferred to online, and the upgrading trend of residents’ consumption will continue, which is conducive to supporting consumption growth.