Summary: Consumption is an important part of the national economy. From 2000 to 2020, China and the world's major economies have both common rules and individual differences in consumption level, consumption upgrading and consumption policies. In terms of consumption level, China ranks second in the world after the United States, but its consumption rate and consumption tendency are lower than those of major economies. In terms of structure, the consumption structure of major economies has continued to upgrade. China is a typical representative of the improvement of service consumption. The new consumption formats have developed rapidly to catch up with developed economies, and personalized consumption has become increasingly prominent. In terms of policy, it is common practice to increase income and strengthen consumption supporting facilities. China and the United States are more prominent in broadening market access to service consumption, promoting new consumption formats and guiding personalized development. In order to actively promote the development of consumption, it is necessary to continuously improve the income level of residents, improve the service consumption system, and promote the development of new consumption formats.
