Strategic Analysis of Expanding Consumption Demand from the Perspective of Double Circulation

Abstract

In the process of economic development, China is trying to smooth the domestic circulation and promote the domestic and international double circulation so as to form a strong domestic market and build a new development pattern. China's socialist market economy is a market-oriented economy, which is essentially a consumer-demand-oriented economy. In its economic development, China has put more emphasis on taking consumption as the driving force of economic development, enhancing the contribution of consumption to economic development, and taking expanding domestic demand as the strategic basis for development. In order to expand domestic demand in the context of double circulation, we should pay attention to coordinating the relationship between accumulation and consumption, expanding domestic demand and opening up, supply structure and demand structure, urban and rural residents' income and social consumption power, give full play to the guiding role of consumption demand, form a positive interaction between consumption demand and economic growth, and promote the healthy development of the socialist market economy.