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促进消费增长已成为中国经济再平衡的政策措施。然而,官方统计表明,过去十年消费占GDP的比例在持续下降。本文旨在通过综合官方与非官方数据,更加全面地揭示中国消费状况。我们的估计显示,消费占比在经历了一段下滑期后,于2008年开始反弹。这表明,要素市场的改善带动了居民收入提高和收入分配的改善,中国经济已开始走上再平衡之路。
Promoting the growth of consumption has become a policy measure for the rebalancing of China's economy. However, official statistics show that the share of consumption in GDP has been declining over the past decade. The purpose of this article is to unveil a more comprehensive picture of China's consumption through a combination of official and unofficial data. Our estimates show that the share of consumption rebounded in 2008 after experiencing a period of decline. This shows that the improvement of the factor market has led to the increase of residents' income and the improvement of income distribution, and the Chinese economy has begun to embark on the path of rebalancing.