Recently, renowned economist Teng Tai proposed issuing 1 trillion yuan ($138 billion) worth of consumption vouchers nationwide in 2024, allocating 1,000 yuan per person. He argues that China currently faces challenges such as weak domestic demand and sluggish consumer spending, and that large-scale distribution of consumption vouchers could effectively stimulate household consumption, boost market confidence, and revitalize supply chains across various sectors. According to Teng, compared to direct cash handouts, consumption vouchers offer stronger targeting and a higher fiscal multiplier effect, making them more efficient at translating into actual spending. He also emphasized that this measure could alleviate financial pressure on low-income households and promote social equity. The proposal has sparked widespread public debate: supporters see it as a catalyst for economic recovery, while critics raise concerns about fiscal sustainability and the efficiency of fund allocation. Regardless of the controversy, the suggestion has once again placed the question of ‘how to effectively expand domestic demand’ at the heart of policy discussions.
近日，著名经济学家滕泰建议在2024年向全国居民发放总额达1万亿元的消费券，按每人1000元的标准进行分配。他认为，当前中国经济面临内需不足、消费疲软等挑战，通过大规模发放消费券可有效刺激居民消费，提振市场信心，并带动产业链上下游复苏。滕泰指出，与直接发现金相比，消费券具有更强的定向性和乘数效应，能更高效地转化为实际消费支出。此外，他强调此举还可缓解部分低收入群体的生活压力，促进社会公平。该建议引发广泛关注和讨论，支持者认为其有助于激活经济循环，反对者则担忧财政可持续性及资金使用效率。但无论争议如何，这一提议再次将‘如何有效扩大内需’推上政策议程的核心位置。
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