On Consumption Structure Evolution of Residents in Xinjiang

  • Li Hong
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  • Development and Reform Committee of Xinjiang Uygur Autonomous Region,Urumqi 830002,China

Received date: 2015-09-26

  Online published: 2020-12-14

Abstract

The consumption structure is the core content of consumption. It is not only the result of economic growth, it is also an important factor of economic growth. Consumption of residents in Xinjiang continued to expand, which obviously improves the consumption structure, but the ratio of consumption continues to decline. As a result, its contribution to the GDP growth is not stable, and the contribution rate is low. And what’s more, significant difference can be found in urban and rural areas, urban residents’ consumption structure upgrades faster than that of rural residents. During the period of “The thirteenth five-year plans”, it is of great necessity to attaching great importance to playing the fundamental role in residents’ consumption to promote economic growth, to improve the residents consumption rate; to adapt to economic development trend of the “new normal”, with an emphasis on increasing people’s income, developing the third industry, adjusting reasonably consumer prices, saving rigid consumer spending and vigorously promoting service consumption growth; and sparing no effort to expand the rural residents’ consumption from the perspective of the perfecting the favorable policies, expediting of transfer of rural surplus labor, improving rural consumption environment, and raising the level of farmers’ social security and placing more emphasis on peasants cultural consumption.

Cite this article

Li Hong . On Consumption Structure Evolution of Residents in Xinjiang[J]. Finance & Economics of Xinjiang, 2015 , 0(6) : 39 -47 . DOI: 10.16716/j.cnki.65-1030/f.2015.06.005

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