Promoting consumption policies to promote the continuous growth of performance of basic consumer goods and other industries

category:Finance
 Promoting consumption policies to promote the continuous growth of performance of basic consumer goods and other industries


According to the Shanghai Stock Exchange, the main board companies of Shanghai Stock Exchange have sustained growth in revenue in various major industries, and some industries have sustained rapid growth in performance, mainly focusing on basic consumer goods, advanced manufacturing and service support industries.

Among them, the net profit of wine, beverage and refined tea manufacturing industry, agricultural and sideline food processing industry and other industries increased by 22% and 23% year on year; the performance of advanced manufacturing industry and technical service industry was relatively outstanding, with special equipment manufacturing, rubber and plastic products, chemical fiber manufacturing, transportation equipment manufacturing and information technology service industry achieving net profit of about 20.5 billion yuan, 5.9 billion yuan, 11.5 billion yuan, 15 billion yuan and 19.2 billion yuan respectively Yuan, a year-on-year increase of 42%, 41%, 33%, 21% and 20%; net profit of power, heat, gas and water production and supply industries in traditional service supporting industries increased by 17%.

The reporter of Securities Daily found that since this year, policies have been launched in many fields around expanding domestic demand and promoting consumption. For example, on January 28, the national development and Reform Commission and other ten departments jointly issued the implementation plan for further optimizing supply, promoting steady growth of consumption, and promoting the formation of a strong domestic market (2019); on June 3, the national development and Reform Commission, the Ministry of ecological environment and the Ministry of Commerce issued the implementation plan for promoting the update and upgrading of key consumer goods and unblocked resource recycling (2019-2020); on August 23, The general office of the State Council issued the opinions on further stimulating the consumption potential of culture and tourism and put forward 9 policy measures to stimulate the consumption potential of culture and tourism; on August 27, the general office of the State Council issued the opinions on accelerating the development of circulation and promoting commercial consumption, and put forward 20 policy measures to stabilize consumption expectations and boost consumption confidence. On October 14, the Ministry of Commerce and other 14 departments jointly issued the guiding opinions on the cultivation and construction of international consumer center cities to guide and promote the cultivation and construction of international consumer center cities. On October 21, the national development and Reform Commission and the General Administration of market supervision jointly issued the guiding opinions on the high-quality development of service industry in the new era to clarify the development direction of service industry and promote the implementation of key tasks for the high-quality development of service industry. On October 22, the national development and Reform Commission organized a special conference on promoting consumption, and the Ministry of culture and tourism, the Ministry of Commerce and other departments put forward suggestions on the next step of promoting consumption in combination with their respective functions.

Fu Yifu, a senior researcher at Suning Financial Research Institute, told Securities Daily that, first of all, consumption promotion policies have promoted the prosperity of the market demand side; second, some consumption promotion policies that regulate and optimize the market environment have effectively improved consumer confidence; in addition, since this year, more efforts have been made to improve the minimum wage to stimulate consumption. In general, the consumption promotion policies of optimizing market supply, market environment and consumption environment jointly promote the performance growth of relevant industries or companies. Fu Yifu said that the overall scale of Chinas consumer market is expanding year by year and the consumption structure will continue to be optimized. Driven by many factors such as the steady growth of residents income, the implementation of tax reduction and fee reduction policies, and the gradual effectiveness of consumption promotion policies, consumer demand will be further released, and basic consumer goods, manufacturing and service industries will continue to maintain rapid growth. Source: responsible editor of Securities Daily: Yang bin_nf4368

Fu Yifu, a senior researcher at Suning Financial Research Institute, told Securities Daily that, first of all, consumption promotion policies have promoted the prosperity of the market demand side; second, some consumption promotion policies that regulate and optimize the market environment have effectively improved consumer confidence; in addition, since this year, more efforts have been made to improve the minimum wage to stimulate consumption. In general, the consumption promotion policies of optimizing market supply, market environment and consumption environment jointly promote the performance growth of relevant industries or companies.