Research On Consumption Structure And Upgrading Of Urban Residents In Central China Based On QUAIDS Model

Since the Reform and Opening-up,China's economy has made great progress.The total GDP of China surpassed Japan's and ranked second in the world."Made in China" is spreading all over the world,and the per capita income exceeds 9,000 US dollars.But China also faces a series of challenges.The 19 th National Congress of the Communist Party of China pointed out that what we face now was the contradiction between unbalance and inadequate development and the people's ever-growing needs for a better life.It shows that China is moving from a development path relying on investment and exports to a development path driven by consumption.By analyzing the direction of changes in the consumption structure of residents,understanding the needs of residents,we can get rid of the adverse effects of external economic shocks such as trade friction.With the increase in income of urban residents and the convenience of mobile payment and online shopping,China is currently experiencing a consumer revolution.As a channel for the development of the eastern and western regions,the central region plays a vital role in the coordinated development of China's regions.Throughout the geographical and demographic conditions of the central region,only consumption is the driving force for the economic growth of the central region.With the acceleration of urbanization in China,the urban residents must be the main force of consumption in the future.Therefore,from the perspective of consumption structure,this paper analyzes the changes in the consumption structure of urban residents in the central region in the future by using the international mainstream QUAIDS model,calculates the demand elasticity of various consumer goods.Based on the consumption upgrading framework,this paper analyzes the consumption structure upgrade from four aspects: consumption propensity,consumption elasticity,consumption habits,and consumption environment.This article deeply explores the space for consumption structure upgrades by establishing a consumption habits equation and a consumption evaluation system,thereby stimulating the consumption of urban residents in a targeted manner,promoting the optimization and upgrading of the consumption structure,and then providing some reference for promoting regional economic development and resolving China's current major contradictions.The research has shown that the urban residents in the central region have a relatively obvious consumption structure upgrade phenomenon,but the upgrading of consumption structure is slow,and there are still problems such as high proportion of non-service goods and an unbalanced consumption structure.Secondly,housing expenditure has a significant crowding out effect on other commodity consumption,and restricts residents' spending power on other seven categories of goods.In addition,food price fluctuations also has a crowding out effect on service goods,thereby slowing the consumption upgrade.By comparing the consumption structure of urban residents in the eastern region,we find that urban residents in the central region have low consumption awareness in medical care,financial and insurance financing,and intermediary services,and the proportion of consumption will show a downward trend in the future.Furthermore,based on the consumption structure upgrade framework,the analysis of consumption habits and consumption environment found that in order to promote the optimization and upgrade of the consumption structure of urban residents,the central region needs to take measures from four aspects: consumption level,consumer psychology,commodity prices,and the external environment.The central region not only needs to regulate commodity prices,but also needs to reduce the stickiness of consumption habits of urban residents,strengthen the construction of urban environment and transportation facilities,learn from successful experiences in the eastern region,and develop innovative consumption models.Only in this way can the central region promotes the development of urban residents' consumption to a high level,and then drives the high-quality economic development of the central region.