Research On Differences Of Propensity To Consume On Regional Differences Of Chinese Residents

With the continuous improvement of the quality of China’s economic development,the income of residents continues to increase,and the content of consumption gradually enriches,the consumption needs of the people have changed.However,at the same time,there are differences in economic development between different regions,as well as differences in income levels and consumption content among residents in different regions.Consumption,as one of the three carriages driving economic growth,is an important driving force for the high-quality development of China’s economy.The 2022 Central Economic Work Conference,it was pointed out that it is necessary to vigorously implement the strategy of expanding domestic demand and prioritize the restoration and expansion of consumption.Enhance consumption capacity,improve consumption conditions,and innovate consumption scenarios.The span between regions in China is relatively large,and different regions are influenced by different geographical conditions,cultural environment,and other factors,resulting in differences in economic development levels.China’s residents’ consumption has shown a shift from survival oriented consumption to development oriented consumption,and their consumption concepts have also shifted from traditional to emerging consumption concepts.However,due to the economic development gap in different regions,there are differences between different regions.Based on this,this article conducts research and analysis on the differences in propensity to consume among the eastern,central,western,and northeastern regions from two aspects: average propensity to consume and marginal propensity to consume.By studying each region and province,the differences between the average and marginal propensity to consume in each province are obtained.Then,based on the regions to which each province belongs,the main differences in propensity to consume in the eastern,central,western,and northeastern regions are summarized and summarized.Firstly,use the entropy method to determine the impact of various factors on the overall country;Secondly,the principal component analysis method is used to analyze the differences in propensity to consume among different provinces,in order to determine the differences in propensity to consume among them.Then judge the various factors that affect the propensity to consume of each province,and determine the main factors that affect the differences in propensity to consume among the eastern,central,western,and northeastern regions.Finally,relevant countermeasures and suggestions are proposed.