CCTV News: On April 28, the State Council Information Office held a press conference. Zhao Chenxin, deputy director of the National Development and Reform Commission, said that as the world's second largest economy and a large country with a population of more than 1.4 billion, my country has huge potential to expand domestic demand.

Zhao Chenxin said that in the consumption field, my country has 353 million cars, and the main categories of home appliances such as refrigerators, washing machines, and air conditioners have more than 3 billion units. Updating and replacing according to normal cycles can create trillions of demand every year; in the investment field, the net asset value of the entire social equipment asset in my country is about 40 trillion yuan. With the deepening of high-quality development, the annual investment demand for equipment renewal and replacing will exceed 5 trillion yuan. According to institutional estimates, the scale of China's artificial intelligence industry exceeded 700 billion yuan in 2024, and has maintained a growth rate of more than 20% for many years. The investment space will continue to expand and expand in the future. my country is implementing the new urbanization strategy in depth. Every increase in urbanization rate by one percentage point can drive investment demand of trillions of yuan. Taking the construction and renovation of urban underground pipelines as an example, it is preliminary statistics that about 600,000 kilometers of various pipelines such as gas and drainage will be updated and renovated in the next five years, which can create an investment demand of about 4 trillion yuan. It can be said that China has very realistic and huge potential for expanding domestic demand.

National Development and Reform Commission: A number of measures to better play the role of the main driving force of domestic demand

At the press conference, Zhao Chenxin also introduced that the role of the main driving force of domestic demand is better played. The specific ideas and methods are very clear, which is to increase the income of middle- and low-income groups, vigorously boost consumption, expand effective investment, and strengthen the domestic circulation.

Zhao Chenxin said: "In terms of boosting consumption, we have recently issued the second batch of consumer goods exchanged for new funds this year. The first two batches have issued a total of more than 160 billion yuan, and there will be about 140 billion yuan in the future. We will issue them one after another according to the payment progress of various places. We will also establish and implement a childcare subsidy system, create special re-lending tools, and increase support for the development of key areas of consumption and the elderly care industry. At the same time, we will implement special actions to boost consumption and speed up the introduction of special measures in various fields to guide purchase restricted cities to targeted additional car purchase indicators for key groups such as long-term lottery families and car-free families. In terms of expanding investment, we will include the updates and upgrades of industrial software into the scope of support for the "two new" policy, accelerate investment in consumer infrastructure and social fields, and formulate and implement charging The "double" action to support the construction of parking spaces in cities with a permanent population of more than 3 million in urban areas, especially megacities. We strive to issue a list of all projects for the 2025 "two-fold" construction and central budget investment by the end of June, and at the same time set up new policy financial tools to solve the problem of insufficient capital for project construction. In terms of smooth circulation, we will accelerate the construction of a unified national market, carry out a campaign to clean up and rectify market access barriers for about half a year, accelerate the introduction of the private economy promotion law, and help foreign trade enterprises expand domestic sales; at the same time, accelerate the deep integration of scientific and technological innovation and industrial innovation, establish a national venture capital guidance fund, and promote the deep integration of artificial intelligence with 60 key industry directions and 700 basic scenarios. "

Ministry of Commerce: Encourage relevant regions to optimize vehicle purchase and traffic restrictions

At the press conference on the 28th, Sheng Qiuping, Vice Minister of Commerce, said that on the basis of carrying out automobile exchange for new and meeting the consumption needs of new cars, a key task of the Ministry of Commerce this year is to organize a pilot reform of automobile circulation consumption.

Sheng Qiuping said that places with conditions support places with the conditions to actively innovate and try first in all aspects such as new cars, second-hand cars, scrapped cars, and automobile aftermarkets; encourage relevant regions to optimize car purchase restrictions and traffic restrictions to better meet residents' car purchase needs; focus on "doing one thing efficiently", build a national automobile full life cycle information platform, open up data silos, and smooth second-hand car consumption; support local governments to develop automobile aftermarkets such as automobile modification, RV camping, and traditional classic cars, develop automobile sports and automobile culture, extend the automobile consumption chain, and strive to cultivate new increase in automobile consumption.

Ministry of Commerce: The implementation of the old-for-new policy has driven consumption by more than 720 billion yuan in total

In addition, Sheng Qiuping also stated that as of April 27, the implementation of the old-for-new policy of consumer goods has driven consumption by more than 720 billion yuan in total. Since the implementation of the policy, a large number of foreign trade and foreign-invested enterprises have received policy support. Smart, green, healthy and fashionable new consumer products have entered thousands of households. At present, more than 120 million people have enjoyed the subsidy discount of "real money".