Portal de Periódicos da CAPES

Activating Consumer Demand as a Key to Successful Development of the PRC Economy

2021; Pleiades Publishing; Volume: 32; Issue: 6 Linguagem: Inglês

10.1134/s1075700721060022

1531-8664

B. A. Anosov,

Regional Economic Development and Innovation

In the 14th five-year plan of the PRC (2021-2025), consumer demand is considered as the basis for future economic development and GDP per capita growth. Stimulating consumption within the PRC is one of the tasks of the government for 2021. This article analyzes the factors affecting the expansion of consumer demand, and also analyzes the economic indicators associated with the selected issue. The article also draws conclusions about the impact of the United States-China trade war and the COVID-19 pandemic on changing consumption patterns in the PRC.