Exports are down, investment is unfavorable, consumption is not smooth, and the troika can't run, which chills the hearts of all shareholders. What about the economy?
Experts suggest that money should be given to the people as soon as possible, and a subsidy of 2 trillion yuan should be given first. I pinched my fingers and calculated that the per capita people in the country were about 1,400.
But can sending money down really boost consumption?
It may be lively in the short term, but it may not be in the long run.
For my mother, if the money needs to be spent within a limited time (experts recommend issuing consumption vouchers, I am afraid that everyone will deposit cash in the bank), it must be to go to the supermarket line to buy and hoard daily necessities such as grain, oil, rice, noodles, sauce, vinegar and tea, and maybe it will cause a shortage of items in a short period of time (but now **rich, there will be no real shortage), and the supermarket's inventory is sold out.
But after the excitement, it will still fall silent. Because these are all necessities of life, it is necessary to spend whether or not to issue consumption vouchers. Now it's just causing them to spend in advance. A temporary increase in consumption will lead to unsalable goods in the later period.
The issuance of consumption vouchers can only help the poor, but cannot stimulate the people's desire to spend. And in order to truly stimulate consumption, it is necessary to restore the confidence of the people?
If I have a normal job, a predictable income, and no need to worry about being fired and unemployed, who will provide policy stimulus for my consumption?
To stimulate consumption, we must first ensure employment and stabilize income.