Livestream e-commerce: a new business model that boosts consumption
The 2021 Central Economic Work Conference pointed out that we are currently facing "the triple pressure of shrinking demand, supply shocks, and weakening expectations." Both shrinking demand and weakening expectations will affect the growth of consumption, and consumption is a key link and important engine for smoothing the domestic circulation. Stimulating consumption potential through innovative models is an important driving force for ensuring sustained economic growth. The Party and the state attach great importance to comprehensive consumption growth. The national "14th Five-Year Plan" clearly proposes to "comprehensively promote consumption."