The hottest new demand side reform proposed by the

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The central government's new demand side reform ushered in a double positive situation in the packaging and printing industry. Release date: Source: packaging belt

since 2014, the rapid development of China's packaging and printing industry market for the significantly increased demand for participating conduits came to an abrupt end, and the stagnation of growth and capacity expansion have brought great challenges to the industry. In particular, domestic demand is a pain in the hearts of China's packaging and printing industry. However, there is always a time when the worst comes. The accuracy level of the experimental machine: Level 1 recently, the central government proposed the demand side reform for the first time, which also brought confidence and hope to the packaging and printing industry

According to the latest data from the National Bureau of statistics, the total retail sales of consumer goods in China fell by 4.8% year-on-year in August this year. Among them, the year-on-year growth rate in November was 5.0%, 0.7 percentage points higher than that of the previous month. According to this trend, the negative growth of rubber solid Rotarians in 2020 will be a high probability event, which is the first time since 1969. According to the research of China macroeconomic Forum (CMF), in October, China's total retail sales of consumer goods increased by 0.68% month on month, which is lower than the "normal period" growth rate (0..9%) in the same period last year. In other words, after the epidemic, not only did we not see "compensatory consumption" for a long time, but also the marginal improvement of consumption had fallen below the normal period before the consumption level returned to normal growth

on December 11, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2021, and proposed demand side reform for the first time. Since this year, the central government has repeatedly issued signals to expand domestic demand. On March 27, the meeting of the Political Bureau of the CPC Central Committee emphasized "accelerating the release of domestic market demand"; On April 17, the meeting of the Political Bureau of the CPC Central Committee stressed that "we should actively expand domestic demand"; In May, the government work report proposed "firmly implement the strategy of expanding domestic demand"; In October, the Fifth Plenary Session of the 19th CPC National Congress (5) took out the test piece and proposed to adhere to the strategic basis of expanding domestic demand, accelerate the cultivation of a complete domestic demand system, and organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply side structural reform

Bao believes that the next policy adjustment to expand domestic demand should increase the income of low - and middle-income people, inhibit the outward transfer of funds from high-end people, impose additional taxes on the assets of wealthy people and large enterprises, at the same time, curb the corrosive effect of real estate, rent and so on on consumption, and increase the employment of people at the bottom

it is enough to see the clue from the central government's severe attack on Taobao, pinduoduo and meituan for grabbing the jobs of stall vendors recently

for the packaging and printing industry, due to the large number of employed people absorbed by this industry, both from the policy preference itself and the order boom brought about by the demand side reform are double positive

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