Securities Times reporter He Jueyuan
On May 14, at the 2022 Tsinghua Wudaokou Chief Economist Forum “China Economic and Policy Outlook” roundtable forum, Jingdong Group Chief Economist Shen Jianguang said that a global recession may occur in the second half of the year, and the external environment can only be driven by pulling Domestic demand, and the core of expanding domestic demand is to promote consumption. He believes that the issuance of consumer coupons has an immediate effect on boosting consumption in the short term, and is crucial to the development of the national economy. Next, we can also consider providing central financial support for consumer coupons issued by local governments.
Shen Jianguang pointed out that we must pay attention to the issue of external environmental risks, and this year we must pay great attention to stagflation, economic recession in developed countries, and fluctuations in international capital markets. There may be a global recession in the second half of the year. To cope with the external environment, we can only rely on stimulating domestic demand. At present, the core of expanding domestic demand is to promote consumption.
Shen Jianguang pointed out that the economic stimulus policies of Europe and the United States have focused on the consumer side in the past two years, which is to give money to the people to increase demand and consumption. my country’s main method to stimulate the economy is to reduce taxes and fees, to create conditions for enterprises to resume work and production, but my country’s policies on the consumer side are weak.
Shen Jianguang believes that in this international and domestic situation, promoting consumption will become the main event. It can be seen that the government has introduced a series of measures to promote consumption, including tax reduction and fee reduction, infrastructure construction, issuance of consumer coupons or transfer payments to those affected by the epidemic. There are also subsidies for the trapped people. Next, we can also consider providing central financial support for consumer coupons issued by local governments.
“Although many people have doubts, I still think that issuing consumer coupons will have an immediate effect on stimulating consumption in the short term, and it is crucial to the development of the national economy.” Shen Jianguang said.
Shen Jianguang said that the local government is very optimistic regarding the issuance of consumer coupons, because the issuance of consumer coupons has a very obvious effect on local consumption, especially China’s digital economy development has come to the forefront of the world, and many ways to issue consumer coupons through the digital economy are very effective. . The practice in Hong Kong also shows that when the epidemic recovers, the promotion of consumption coupons to Hong Kong’s catering is particularly effective.
【Author: He Jueyuan】 (Editor: Wen Jing)
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