Development prospect of small household appliance industry（2）

The upgrading of consumption supports the development of the industry

According to the Distribution Industry Promotion Center of the Ministry of Commerce, consumption has become the main engine of China's economic growth during the 13th Five-Year Plan period. The huge consumption potential unleashed by the mega-scale market has provided strong support for high-quality development of the Chinese economy. Chinese residents' consumption has shown a series of changes from focusing on quantity satisfaction to pursuing quality improvement, from tangible material products to more service consumption, from imitative wave consumption to personalized and diversified consumption. Market players on the supply side of consumption actively follow and grasp the general trend of consumption upgrading, increase effective supply through supply innovation, and unleash greater consumption potential. Small household appliances help to improve consumers' quality of life. They provide automatic, convenient, safe and healthy auxiliary living equipment in various scenarios. With various kinds and innovations, they are not only the embodiment of consumption upgrading, but also strongly supported by economic development and consumption upgrading.