Evolution of Consumption Level and Structure of Residents in China
Diao Yong-zuo
Abstract
Diao Yong-zuo
Abstract
Since Reform and Opening-up,the consumption level and structure of residents in China have obviously improved.The increase in resident consumption has become the main factor in the increase of national economy and has created condition for further development of economy.But the present consumption level of our residents is not high enough,and the consumption structure is not reasonable enough.The barrier that restricts the consumption is very conspicuous.Therefore,we must raise consumption level,improve consumption structure and overcome consumption barrier so as to promote economic development.
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Since Reform and Opening-up,the consumption level and structure of residents in China have obviously improved.The increase in resident consumption has become the main factor in the increase of national economy and has created condition for further development of economy.But the present consumption level of our residents is not high enough,and the consumption structure is not reasonable enough.The barrier that restricts the consumption is very conspicuous.Therefore,we must raise consumption level,improve consumption structure and overcome consumption barrier so as to promote economic development.
Key concepts: Consumption (sociology), China, National economy, Consumer spending, Autonomous consumption, Economics, Business, Economic system