In the current global economic environment, Yao Jingyuan believes that to improve the level of economic development, we must focus on consumer demand and stimulate economic growth by improving the quality of life of residents.

First, expanding consumer demand is a top priority. To this end, the government needs to formulate reasonable tax policies to reduce the burden on consumers. At the same time, it also needs to encourage enterprises to innovate and provide consumers with more types and higher quality products and services. In addition, it is also necessary to strengthen the construction of the social security system to solve the worries of the people and give them more confidence to consume.

Secondly, investment efficiency is also an important indicator of economic development. Therefore, while expanding domestic demand, we must also actively develop high-tech industries and modern service industries to achieve effective allocation and utilization of resources and promote the transformation of the economic development mode.

Finally, comprehensively deepen the supply-side structural reform, optimize the allocation of resources, and improve the quality and efficiency of economic development. Only in this way can we truly promote consumption growth and promote the sustainable and healthy development of China's economy.

Overall, Yao Jingyuan emphasizes that while ensuring people's livelihood, we must give full play to the role of the market mechanism, fully mobilize the enthusiasm and creativity of the people, continuously meet the people's growing needs for a better life, and promote high-quality economic development.