The new budget will be released next month. The convener of the executive council, Ip Lau Suk-yee, said yesterday that there is no need to distribute consumer vouchers to stimulate consumption.
Li Zhaobo, an honorary teaching and research scholar of the Asia-Pacific Business Research Institute of the Chinese University of Hong Kong Business School, said in a radio program today (24th) that although the government’s financial reserves have fallen to a relatively low level, it still has the ability to distribute consumer coupons, even after customs clearance may not be right. The local economy has been greatly stimulated, but it still helps to support local consumption.
Li Zhaobo mentioned that in the past, the retail sales of consumer coupons did increase in the month, but it was only for a short period of time, and it fell after a month. He thought that giving 5,000 yuan instead of 10,000 yuan could be considered
▼Market situation of the first round of issuance of consumer coupons in the second phase of 2022 on August 7▼
+8
Li Zhaobo said that in the past months when consumer coupons were distributed, retail sales increased, but then fell quickly.
He gave an example. The second phase of the second phase of consumer coupons was distributed in October last year. The total retail sales value of the month was provisionally estimated at 31.9 billion yuan, which was a rare month since the epidemic when retail sales exceeded 30 billion yuan. However, in November, it was only 2.95 billion yuan. It can be seen that the effect of consumer coupons on economic growth is only short-term.
Li Zhaobo pointed out that consumer coupons are more helpful to the retail industry, but it is difficult to see the effect in the catering industry, because there was a period of time when the catering industry was banned from eating in the evening market.
Li Zhaobo also said that although the government's financial reserves have fallen to a relatively low level, it still has the ability to distribute consumer coupons. However, it is not necessary to distribute another 10,000 yuan this year, and 5,000 yuan can be considered. Because the switch has been switched on, another large amount may not be beneficial to the local economy. exciting.
Li Zhaobo, Honorary Teaching and Research Scholar of Asia-Pacific Institute of Business, School of Business, Chinese University of Hong Kong (File photo/Photo by Gong Jiasheng)
Consumption Coupon｜Ok to get a $15 coupon at the end of the Octopus to enjoy the Ocean Park Water Park and only spend $528. The first cut-off at the end of the second period [with teaching of counting] Food Carnival｜Exhibitors with small profits but quick turnover to attract customers Wife group 700 yuan to grab the whole Jinhua ham consumption voucher｜Three payment tools The first $5000 deadline is 10.31 The Octopus has not spent 4000 at the end The opening of the food carnival will be canceled on Saturday, and the entrance ticket for the Japanese and Korean food area will be reduced to 4 yuan. The Octopus can be tapped to get the first stage mantissa, the second stage and so on from 12.16. Not optimistic about recovery at the end of the year
