Politics
Written by: Wu Yan'an
2019-12-18 13:42
Last updated: 2019-12-18 13:43New Democratic Party Chairman Ye Liu Shuyi and Vice Chairman Rong Haien met with the Financial Secretary Chen Maobo today (18th) to make recommendations on the Financial Budget. The New People's Party proposes the distribution of 10,000 yuan of local consumer coupons to support the catering, retail and tourism industries. Ye Liu Shuyi quoted Chen Maobo as irresistible to the concept of coupon distribution, but still needs to consider how to implement it.
When asked if she would worry that consumer vouchers would only benefit the "yellow economic circle" shops, Ye Liu Shuyi bluntly said "Don't worry", and said: "Don't worry is the" blue store "and the" yellow store ", and the fittest will survive. "A well-performing economy can survive." Ye Liu believes that in the long run, citizens must patronize better-tasting restaurants, and the distinction between "blue stores" and "yellow stores" will not last long.
Ye Liu Shuyi quoted Chen Maobo as saying that she was irresistible to the concept of issuing coupons, but she still needed to consider how to implement them. (Photo by Wu Yan'an)
Consumption coupons can bring multiplier effects to the economy
The New People's Party claims that due to the impact of anti-revision legislation, road blockages, arsons, and damage to shopping malls and shops have caused the food, retail and tourism industries to bear the brunt. The party proposes that the whole people distribute 10,000 yuan local consumer coupons and 4,000 yuan each. Food vouchers, retail vouchers of 4,000 yuan, and travel vouchers of 2,000 yuan. Ye Liu Shuyi believes that sending cash does not necessarily stimulate consumption. Some people can store cash for tourism or buy stocks, while consumer coupons can bring a multiplier effect to the economy and have a practical effect on the local economy.
Ye Liu Shuyi quoted Chen Maobo as saying that she was irresistible to the concept of issuing coupons, but she still needed to consider how to implement them. Ye Liu pointed out that Japan and other countries have also issued consumer vouchers. The government can issue physical consumer vouchers with a denomination of one hundred yuan. It also said that the HKMA has anti-counterfeiting technology, and there is no technical difficulty in printing physical consumer vouchers. At that time, citizens will take ID cards to the post office or civil affairs. The director canceled the voucher. "If you go to a car to eat noodles, you eat a pig to eat pork chop rice, or a high-end restaurant. You know it is to stimulate consumption."
Will the consumption voucher benefit a large number of "Yellow Stores"? Ye Liu Shuyi bluntly said: "Don't worry", and said: "Don't worry about the" Blue Store "and" Yellow Store ". The survival of the fittest can be good for the economy Ye Liu believes that in the long run, citizens must patronize better-tasting restaurants. The distinction between "blue stores" and "yellow stores" will not last for a long time. "In the long run, it must be a good food and good service. Regardless of the political performance of Li Li, the blue-yellow distinction is only short-term. "
In terms of tax concessions, the New Democratic Party proposes to exempt 100% of salaries tax in the coming year and increase the ceiling to 40,000 yuan. The party also proposed the establishment of a 300 million "Tourism Contingency Plan" to distribute up to 150,000 yuan to travel agencies that employ less than 50 people and opened before May 1 this year. The New Democracy Party increased the tax rate on betting and distributed a cash subsidy of 20,000 yuan to postpartum mothers to encourage Hong Kong people to have children.
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