This is Angus Deaton speaking to you from my home in Princeton, New Jersey. I'm very glad to be able to attend the 6th Hongqiao International Economic Forum to share my thoughts on the topic of "Understanding New Consumption Trends and Tapping New Consumption Potential". Consumption is always important in understanding an economy and no more so than in China today. How can policy help boost consumption and boost consumer confidence? What new socio-economic factors are at work? I hope to cover these subjects for learning from other participants, and I look forward to an intellectual festival of insights and discussions.