KPMG: Consumption is the core driving force for high-quality development of China's economy.

On June 3, one of the Big Four accounting firms, KPMG, stated that looking ahead to the second half of the year, the innovative vitality of the consumer market plays a crucial role in driving high-quality development of China's macroeconomy. KPMG pointed out that going forward, consumption is the core driving force for high-quality economic development. With strong efforts to boost consumption and policies to expand domestic demand comprehensively, the domestic circulation is continuously overcoming obstacles, and the vitality of consumption is continuing to increase, with the consumer economy showing a positive trend. "Currently, from new consumption scenarios empowered by technology to holiday cultural tourism, as various regions across the country continue to introduce warm policies, the momentum of China's consumer market is continuously being stimulated. At the same time, with the deepening of the new development pattern featuring the domestic circulation as the mainstay and the mutual promotion of domestic and international circulations, the boundaries of the domestic consumer market are also constantly expanding," KPMG further pointed out.