Abstract
Consumption is a basic functions of living and developing that human depend on, with the development of society, consumption is becoming more important impact on Socio-economic. But with the outbreak of the global financial crisis, Chinese economy which depends on export greatly, has got severe impact. In order to respond to the raid of the financial crisis and ensure the growth of national economic growth, the Chinese government put forward “Expand domestic demand” policy in time. Household consumption is the main content of consumption demand, so the research on the consumer problem under the background of the financial crisis is very meaningful.
This paper is based on the Consumption theory of modern economics, using the econometric methods and models and analyzing the impact on the consumption of Chinese residents from the financial crisis, the reasons of the influences, the role of consumption in times of financial crisis, factors affecting household consumption, the impact on the consumption structures of Chinese residents from the financial crisis and its influencing factors. Meanwhile, it simply describes the relationship among the consumption, the economic growth and the consumption structures. Finally, this paper gives three conclusions of the financial crisis impact on the Chinese consumers and proposes some suggestions to promote household consumption and economic growth according to the conclusions.
Keywords:household consumption;financial crisis;economic growth