Title: The Income and Consumption of Urban Residents in China:Theory,Current Situation and Measures
Abstract:Consumption is the underlying impetus of economic growth.Income is closely related to consumption.Regulation and control policy of consumption is an important aspect of the macroeconomic policy.The fa...Consumption is the underlying impetus of economic growth.Income is closely related to consumption.Regulation and control policy of consumption is an important aspect of the macroeconomic policy.The factors of development of urban residents' income and consumption include the imbalanced development of foreign and domestic demand,continuous enlarged gap of income,fast increasing prices of real estate,and consumption of residents controlled by incomplete social security.To promote the development of income and consumption of urban residents in China,the government should take the following measures:to strengthen the role of monetary policy in regulation and control of consumption;to develop and improve consumption on credit;to improve tax policies so as to promote consumption;to make efforts to increase residents' income;to enhance regulation of income distribution;to speed up establishment of Subsistence Security System covering urban and rural residents;and to focus on controlling the fast increasing prices of real estate.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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