In order to boost the economy, Jiangxi is expected to issue hundreds of millions of dollars of government consumption vouchers in 2022's Golden Autumn. The masses will be able to boost consumption and enjoy their lives during the Mid-Autumn Festival, summer and National Day. Events like the Home Appliance Consumption Festival, the Digital Business Online Shopping Festival, the Enjoy Life Festival, the Gan Cuisine Food Festival, the Night Consumption Festival, the Superior Products Hi-Buy Festival, and so on are all being held in the fall of 2022 to drive a consumption boom from home appliances, night markets, restaurants, automobiles, and e-commerce.
The issuance of consumption vouchers can effectively circumvent the various drawbacks of cash as well as the issuance of food, but also can drive the marginal consumption tendency of residents in the shortest possible time, which in turn can make the economy grow at an exponential rate. In addition, consumption vouchers can also effectively alleviate the burden and pressure on families with low incomes. Because of the fluctuation of the epidemic, many companies are facing layoffs and wage cuts, so the income level of many people has become lower and lower. Low income also leads to their price changes for goods more sensitive, but the issuance of consumer vouchers will allow these low-income people in the shopping without worrying about spending too much and difficult to afford, which can achieve effective social relief, and thus promote the consumption of these low-income groups.
In addition to the consumer vouchers in the epidemic such a transitional period, the role played out is also very great. Because the government wants to macro policy to regulate the economy needs to have a longer digestion period, if this policy from the launch to the landing of the time is relatively long, then the masses in the consumer enthusiasm will be greatly reduced. And consumption vouchers such short-term policy can effectively drive a particular area of spending, and then give some of the implementation of medium- and long-term policy, to provide a full buffer, and then shorten the economic recovery.
Both the vouchers issued by enterprises and those subsidized by the government can become a kind of payment voucher for the people when they consume. It allows people to increase their desire to buy and their purchasing power when they consume, thus promoting investment and production and maximizing economic recovery