Yin Yanlin said that the main reason behind China's consumption growth has been relatively sluggish in recent years is that income growth expectations are unstable. People are worried about economic growth and employment prospects, so consumption is relatively cautious. Although the economy is under pressure and consumption recovery is relatively slow, over the past four years, residents' savings have increased by more than 70 trillion yuan. As long as part of the capital is pushed into the consumer or investment market, it can drive a recovery in demand. This requires macro-control efforts to improve market expectations and thus drive the release of demand.

Yin Yanlin said that the main reason behind China's consumption growth has been relatively sluggish in recent years is that income growth expectations are unstable. People are worried about economic growth and employment prospects, so consumption is relatively cautious. Although the economy is under pressure and consumption recovery is relatively slow, over the past four years, residents' savings have increased by more than 70 trillion yuan. As long as part of the capital is pushed into the consumer or investment market, it can drive a recovery in demand. This requires macro-control efforts to improve market expectations and thus drive the release of demand.