We have collected and rearranged the rare consumption statistics of modern China. Based on classic consumption theories we have made an economic logic analysis of modern China ' s household consumption. The empirical results show that residents' consumption in modern China was affected by the total population per capita income consumer prices the last-period consumption inertia and government consumption. For every 1% change in the total population per capita income and the last-period consumption inertia the household consumption will change by 1. 64% and 1. 22% and 0. 11% accordingly. For every 1% change in the wholesale price and government consumption the household consumption will change reversely by 0. 16% and 0. 11%. Research on modern Chinese consumption shows that per capita disposable income and commodity price are the two most important direct factors influencing residents' consumption demand when the total population does not fluctuate greatly.