Researcher Liu Cheng from the Institute of Economics and Strategy at the Chinese Academy of Social Sciences: Coordinated efforts between supply and demand are beneficial for activating market vitality.

Researcher Liu Cheng of the Institute of Finance and Strategic Studies at the Chinese Academy of Social Sciences said in an interview with Shanghai Securities News that the formulation and implementation of plans to increase income for urban and rural residents indicate that the expansion of domestic demand policies is shifting from "short-term stimulus" to "institutional income increase". The goal is to promote consumption growth by promoting increased income for urban and rural residents, increasing the consumption rate of residents, and achieving synchronized growth in residents' income and the economy. By coordinating efforts at both the supply and demand ends, it is beneficial for activating market vitality and pushing the service industry towards high-quality and diverse transformations.