Analysis on the Current Situation and Influencing Factors of Residents' Consumption in Henan Province

Consumption demand is an important driving force for regional economic development. As a populous province in China, the study of Henan Province residents' consumption is of great significance to other regions in China. Firstly, this paper analyzes the current situation of per capita consumption expenditure in Henan Province, and then establishes multiple regression equation to explore the variables that have a significant impact on the consumption of residents. Finally, based on the analysis results in this paper, relevant feasible suggestions are put forward.