Recently, Yao Yang, Dean of the National Development Institute of Peking University, participated in the online forum of “Global Economic Confidence Index Released by the Epidemic” sponsored by Caijing. Pay money, especially for low-income earners.
Yao Yang said that the current total demand for consumption is seriously inadequate. The bottleneck faced by the promotion of consumption is that everyone dares not to consume and should think about the issue of subsidizing consumers. .
Yao Yang believes that China is accustomed to heavy production and light consumption. When it comes to expanding effective demand, the first thing that comes to mind is to engage in infrastructure. “Can you change your mind this time? Send money to the people, especially the low-income people. “
He said,” The income problem of the people is a big problem, especially the most affected this time is the middle Low-income class, I think many families ca n’t support if they have no income for three or four months. Can they set a line and pay less than their income? This will give everyone a strong signal for everyone to spend. ”
“I feel that I need to show a little courage to do a real stimulus to consumption.” Yao Yang said, “We have to seize the opportunity of the May 1 holiday, in Before the money was paid to the people, the people could spend it. “
Yao Yang said that under the influence of the epidemic, the effect of tax cuts on companies is actually very limited. Because the company has no orders and no production, the key is to Complex consumer and restore order.
Li Xunlei, chief economist of Zhongtai Securities, also said during the forum that the epidemic has affected many low-end industries, such as catering, tourism, department stores and other industries. Of low- and middle-income workers will have a more obvious impact.
Liu Yuanchun, Vice President of Renmin University of China, said during the forum that the epidemic has had an endogenous shock, financial shock and supply shock to the global economy beyond the traditional. The super epidemic decided that a super-conventional policy must be initiated, and the traditional “heresy” doctrines such as the “Helicopter Spreading Money Theory” have now returned to mainstream.
Liu Yuanchun said that if he still conceives crisis management according to traditional ideas, contemplates resumption of production and production, and contemplates recovery and stimulation, then this round of crisis repair will be missed window period.