Many citizens yesterday asked Chief Executive Carrie Lam to distribute more consumer vouchers at the "Policy Address" public consultation. Senior lecturer Li Zhaobo of the School of Business of the Chinese University of Hong Kong expressed on the Hong Kong and Taiwan program this morning (23) that he agreed to distribute more consumer vouchers and believed that Hong Kong The government’s fiscal reserves are capable of redistributing, and additional provisions can be added at that time to attract the public to use "private money."
He also pointed out that the effect of this issue of consumer vouchers on revitalizing the economy is gradually weakening, and the retail industry has recently begun to re-launch discounts.
▼8.1 First day of issuance of electronic consumer vouchers▼
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Consumer vouchers can improve the unemployment effect by bottlenecks and customs clearance can drive the tourism industry
Li Zhaobo said that when the first installment of consumer vouchers was distributed at the beginning of the month, the market was very good, and catering retail was booming, especially in restaurants. However, the effect of consumer vouchers is slowly weakening, and the retail industry has recently relaunched discounts.
He pointed out that the overall scale of consumer vouchers is about 36 billion yuan, but before the 19 years of the legislative movement, the monthly retail sales of the retail industry was not limited to this amount. Therefore, it is believed that consumer vouchers have a limited effect on revitalizing the economy. Whether to spend extra money, but he believes that the public may not be willing.
When asked whether consumer vouchers can reduce the unemployment rate, Li Zhaobo said frankly that it is more difficult. The effectiveness of the coupons has expired, and the barriers must be reopened before the tourism-related industries can be promoted.
Li Zhaobo, senior lecturer at CUHK Business School.
(Photo by Gong Jiasheng)
In favor of redistributing consumer vouchers: the Hong Kong government can start with tens of billions
Li Zhaobo agreed with the government to distribute consumer vouchers again, believing that Hong Kong’s fiscal reserves are capable, and "several tens of billions of dollars should be achieved." Taiwan and Macau have similar practices.
He also suggested that the government can add clauses, such as referring to Macau's practices, distributing 5,000 yuan for consumption, 3,000 yuan for discounts, or adding subsidies to attract citizens to use "private money."
▼8.6 Industrial Exhibition Shopping Festival kicks off▼
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Consumer vouchers drive economic and unemployment improvements, but the level before the epidemic has not returned. Chen Maobo appeals for vaccination policy address consultation meeting|The public praises Chen Maobo consumer vouchers to urge Lam Cheng to send a lot of public money consumer vouchers| Yada: the first two weeks of August Department store turnover records double-digit growth. The Computer Communication Festival kicked off on Friday. Consumer coupon discounts were launched. Exhibitors expanded their stalls and focused on air purifier consumer coupons to drive catering industry revenue. It is expected to rise to 90% before the epidemic. Large-scale research helps the industry turn crisis into opportunity ｜Survey: Consumer vouchers drive the number of unemployed plummeted
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