The 2024 Annual Meeting of the China Development Forum will be held from March 24th to 25th, 2024. On the afternoon of March 25th, a special seminar on "New Consumption and Domestic Demand Potential Release" was held. Xu Ran, CEO of JD.com, stated in the "Group Discussion One" segment that from the demand side, low-carbon and environmentally friendly consumption methods are increasingly favored by consumers; From the supply side, green consumption is driving the transformation and upgrading of the entire industry chain.
At the meeting, Xu Ran conducted a trend analysis on the development of new consumption in four aspects.
One is that digital consumption promotes efficient connection between supply and demand, driving continuous expansion and improvement of consumption. In the past two years, the consumption of intelligent products has shown explosive growth, with products with relatively high-tech content driving rapid growth in consumption, and the demand for online service consumption continues to increase.
Secondly, green consumption conforms to the trend of energy conservation and emission reduction, and accelerates the transformation and upgrading of industrial structure. From the demand side, low-carbon and environmentally friendly consumption methods are increasingly favored by consumers; From the supply side, green consumption is driving the transformation and upgrading of the entire industry chain.
Thirdly, the demand for health consumption among the elderly population is expanding, and digitalization is continuously expanding medical services.
Fourth, China-Chic consumption promotes the combination of goods and culture, and radiates new vitality of traditional consumption.