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Consumption in 2021 Spring Festival shows “bull” spirit, helping economic recovery From kpmg

The following is the Consumption in 2021 Spring Festival shows “bull” spirit, helping economic recovery From kpmg recommended by And this article belongs to the classification: Chinese economy, kpmg , research report.

As the most important traditional festival in China, the spring festival plays an important role in stimulating consumption and is an important window to observe the vitality of China’s economy. Due to the need of epidemic prevention and control, local governments have called on this year’s Spring Festival to “celebrate the Spring Festival on the spot”. It is estimated that more than 100 million people stay in China for the Spring Festival, bringing new features and changes to the consumption of the Spring Festival in 2021.

This year’s Spring Festival consumption continued to pick up, reflecting the resilience of China’s economy, but also for the annual economic growth has laid a good foundation. With the large-scale vaccination and the gradual liberalization of epidemic control measures, we expect that consumption will continue to improve and become the main driving force of economic growth in 2021.

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