2003Unpublished venueRequires access

The policy direction that China increases domestic demand further -Starting up the consumption demand

Hou Zhi-ru

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Abstract

Analyzed from the angle of demand, there are three factors fueling economic growth; investment demand, consumption demand and net export,among them consumption demand is the most important. In case of economy of shortage, using investment demand to pull consumption demand can achieve obvious effect on economic growth. But at present,the overall economic environment in China has changed from shortage to surplus, and the consumer market is transiting from sellers' market to buyers' market. To ensure that the policy of increasing domestic demand can start up the economy in China successfully, it is necessary to take starting - up of consumption demand as the basic direction of the following policy of increasing domestic demand. The article puts forward some suggestions about that.

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What this paper is about

Analyzed from the angle of demand, there are three factors fueling economic growth; investment demand, consumption demand and net export,among them consumption demand is the most important. In case of economy of shortage, using investment demand to pull consumption demand can achieve obvious effect on economic growth. But at present,the overall economic environment in China has changed from shortage to surplus, and the consumer market is transiting from sellers' market to buyers' market. To ensure that the policy of increasing domestic demand can start up the economy in China successfully, it is necessary to take starting - up of consumption demand as the basic direction of the following policy of increasing domestic demand. The article puts forward some suggestions about that.

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Available abstract

Analyzed from the angle of demand, there are three factors fueling economic growth; investment demand, consumption demand and net export,among them consumption demand is the most important. In case of economy of shortage, using investment demand to pull consumption demand can achieve obvious effect on economic growth. But at present,the overall economic environment in China has changed from shortage to surplus, and the consumer market is transiting from sellers' market to buyers' market. To ensure that the policy of increasing domestic demand can start up the economy in China successfully, it is necessary to take starting - up of consumption demand as the basic direction of the following policy of increasing domestic demand. The article puts forward some suggestions about that.

Key concepts: Consumption (sociology), Economics, Economic shortage, Demand management, Investment (military), China, Supply and demand, Market demand schedule

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