Fenghuang.com Financial News December 29-30, hosted by Fenghuang.com and undertaken by Fenghuang.com Finance and Economics, the "2022 Fenghuang.com Finance and Economics Summit" was held. 40 top-level guests conducted in-depth discussions on how to stimulate economic vitality and how to promote the development of the private economy and in the current complex situation, offering advice and contributions to the economic development of the world and China.
"Stimulate the vitality of private enterprises and boost the confidence of enterprises" roundtable dialogue
When talking about how to promote consumption, Dean of the National School of Development of Peking University Yao Yang suggested that the government should spend some money to directly issue consumption coupons to ordinary people , but don’t specify the purpose of this consumption coupon, ordinary people can buy anything. You can consider using digital renminbi to issue consumer coupons, which can also promote the use of digital renminbi at the same time.
Yao Yang believes that the government should take out some money and distribute it directly to the people, that is, to issue consumption coupons. The consumption coupons should not be used for specific purposes, you can buy anything. If you buy something worth 100 yuan, you can use a 20 yuan consumption coupon to deduct it. If 1,000 yuan of consumer vouchers are issued per capita, that is 1.4 trillion yuan, and 1.4 trillion yuan is retail.
Yao Yang said that these retail sales eventually turned into consumption, and there is a conversion, which is 840 billion based on 60%. But because there is leverage , and the leverage ratio is 5, so it has to be multiplied by five, which can finally form GDP of 4.2 trillion. Even if it is calculated by half, 700 billion multiplied by 5, that is 3.5 trillion, which is the real GDP. So nothing is better than consumption, it is the most effective.
Yao Yang pointed out that consumer coupons can be issued within a specified time, for example, if they are not spent within half a year, they will become invalid. Now it is easy to realize by digital means, and ordinary people can download central bank ’s digital RMB APP. Now central bank’s digital currency is slow to promote, and it just happens to be promoted at this opportunity.