New challenge: The decline in consumer spending power is an indisputable fact

From the perspective of the consumption-oriented and production-oriented industrial path, the trend of “three two one” has begun to solidify and form the mainstream of society. In 2014, our country’s tertiary industry comprehensively surpassed the secondary industry. Once surpassed, it is impossible to go back to the past.

Therefore, the service industry has become the main contribution source of GDP. In early 2020, although the service industry has been affected by the epidemic, on the whole, China has entered the stage of the tertiary industry driving the entire economic development, and its added value and absorbed more employment than the secondary industry.

Therefore, since the beginning of this year and last year, the State Office and the Central Office have implemented a series of policy documents to promote and restore the expansion of consumption. This year, I also participated in a research team of the Central Committee to conduct research in Shanghai and the Yangtze River Delta region, with the purpose of how to better promote the growth of consumption.

But we see, what happens when the data comes back? In fact, consumers are still cautious about spending on large commodities (large items), including some indicators – household appliances, automobiles, etc., and the entire consumption is not ideal.

The overall household spending power is in an indisputable fact – that is, in a declining trend. Building a series of business districts in Beijing. For example, Beijing has four levels of business districts: international ones, including Wangfujing, Sanlitun, International Trade and SKP; National-level, including Qianmen, Xidan, etc.; Regional/regional level Haidian, Jinyuanmao and community level.

Although the passenger flow in the business area is on the rise, the per capita unit price has declined, including after the Golden Week index came out, the number of tourists is on the rise, has recovered to before the epidemic, but the unit price is falling.

Therefore, we decide whether to start to pay attention to productive consumption or to start to pay attention to life consumption. As can be seen from the development trend of world cities in Europe and the United States, there is a big trend that the secondary industry and its productive consumption have received more attention. Let’s go back and see how healthy our cities are. The assertion that secondary industries are the foundation of urban economies has resurfaced.

As we all know, New York is a financial city, mainly based on stocks, and London is also a financial city, mainly in bonds and financial derivatives, which makes them stand on the top of the world. New York’s secondary industry began to enter a downward channel after 1950, and 95% of the secondary industry employment was lost at the peak.

But today New York’s manufacturing industry is back on the upswing, its secondary industry. New York City now counts 530,000 new jobs in the secondary sector, and its median wage is $50,000 ($50,000 is the ideal salary), and it has attracted a large number of new immigrants, more than half of whom were born outside the United States. Therefore, we need to see what role the secondary industry plays in the city.

What kind of secondary industry is New York? Is it still the old steel and shipbuilding? Many of the big ships were built in New York. We can see that it is a close combination of manufacturing, new technologies and new social development needs. It is trying to create better, newer, more jobs. So, what kind of policies have been introduced in New York this decade? It’s urban industrial property. He’s investing $442 million.

In addition, the uncertainty of urban development is also reflected in the lack of urban development momentum and the decline of talent attraction. What do we see on the 65.22% figure? Or will they ride on through the dust? Is it growing at 5.5% a year? In this, we see a hint of concern that there may be a phenomenon of reverse urbanization.

Our de-urbanisation is actually different from the de-urbanisation in Europe. Counter-urbanization, we say the process of population dispersion, is a process of change from high density to low density. From the perspective of the cities with the increase in population ranking in 2022, almost all cities are increasing, the new increase in urban population is decreasing, and even some cities have negative numbers, of course, some are policy oriented.