Non-partisans: Expanding the market demand for small and medium-sized enterprises It is recommended to issue consumption vouchers

Li Han, a non-partisan and vice president of the Sichuan Intellectuals Association

Chengdu, 20 Jan (Sichuan News Network) -- On the evening of 19 January, the fifth meeting of the Twelfth Sichuan Provincial Committee of the Chinese People's Political Consultative Conference (CPPCC) held a joint news media interview with responsible persons of the provincial party committees of various democratic parties, the provincial federation of industry and commerce, and non-party personages.

Li Han, non-partisan personage, vice president of the Sichuan Intellectuals Association, and executive vice president of the Institute of Economics and Management of Southwestern University of Finance and Economics, introduced at the meeting that in recent years, non-party personages in Sichuan have actively played the unique advantages of "talent gathering, intelligence intensive, and extensive connections", and actively made suggestions and suggestions around the strategic decisions and deployments of the "14th Five-Year Plan", epidemic prevention and control, the construction of the Chengdu-Chongqing Twin Cities Economic Circle, rural revitalization, and the dual carbon target.

When deploying the economic work in 2022, the 2021 Central Economic Work Conference clearly defined the goal of "stabilizing the word and seeking progress in stability", and "maintaining employment and stabilizing employment" is an important part of this year's economic work. A major challenge facing the survival and development of small and medium-sized enterprises on the mainland this year is the repeated continuation of the epidemic. The epidemic has hindered people-to-people contact, so it has a greater negative impact on the service industry and labor-intensive industries, and most of the small and medium-sized enterprises are concentrated in these two industry sectors.

"We suggest that in the post-epidemic era, in addition to continuing to reduce the constraints on the cost side of enterprises through support policies such as tax reduction and fee reduction, we should also start from the demand side, expand the market demand of small and medium-sized enterprises by increasing the income of low-income groups, and play a role in stabilizing the employment of low-income groups." Li Han said that this is particularly important for cities with a high proportion of the service industry in our province, such as Chengdu.

Li Han explained that specifically, the demand-side support policy based on consumption subsidies can be adopted to interact with the supply-side policy. Stimulate consumption through consumption subsidies and other means, and directly convert them into product orders for small and medium-sized enterprises. In this way, supply-side policies such as financing, taxation and cost subsidies have more room for action.

Consumption subsidies with flexible issuance of consumption vouchers as the main method can accurately cover market players. Consumption subsidies are also industrial policies in a certain sense. In the past, consumption subsidies in the traditional sense paid more attention to the consumption of bulk durable goods such as new energy vehicles and home appliances. This kind of consumption subsidy, while boosting large and medium-sized enterprises, can also drive upstream and downstream small and medium-sized enterprises. To support small and medium-sized service enterprises in a targeted manner, another more direct consumption subsidy can be adopted, that is, the issuance of consumption coupons related to daily life. This method will have a more direct effect on the life service industries where small and medium-sized enterprises such as commodity retail, catering, and housekeeping are more concentrated. Due to the contingency of local epidemics in the post-epidemic era, the flexible issuance of consumption vouchers can also be targeted in terms of time range, geographical scope and product and service scope.

"In fact, at the beginning of the epidemic, our province adopted such a policy and achieved good results." Li Han said that because the epidemic has been repeated, it is suggested that this year, especially during the Spring Festival, for people such as middle- and low-income people, this method can continue to be used, that is, to enhance the sense of gain of residents, but also through their consumption to stimulate the market demand of small and medium-sized enterprises, play a role in stabilizing employment.

(Photo by Li Dan)

(Sichuan News Network)