Luo Zhiheng: Boosting consumption needs to be jointly promoted by the government, enterprises, and residents.

Chief economist and dean of the research institute of Guoai Securities, Luo Zhiheng, stated that boosting consumption is not just a behavior of residents, but more of a result of the joint efforts of the government, enterprises, and residents. For the government, it is necessary to create an environment that promotes better consumption by the people as much as possible. It is necessary to reform the assessment system and fiscal incentives for local governments, and to both attract investment and promote consumption. For enterprises, it is important to better meet the demand of residents by providing higher quality goods and services, and it is necessary to open up market access to allow enterprises to compete in a healthy way and create high-quality supply. With a good consumption environment and higher consumption capacity, residents naturally increase their consumption rate. Consumption is the goal and the result, not the means.