The former deputy dean of the Chinese Academy of Social Sciences, Cai Yan, said that through the reform of the household registration system, the consumption willingness of 180 million migrant workers can be released.
According to the China News Agency, Cai Yan, a member of the Central Bank of China Monetary Policy Committee, said when he participated in the 9th "Qingdao · China Wealth Forum" on Saturday (July 8th), saying that he must pay attention to the reform of the household registration system.The role of stimulating consumption.
Cai Yan said that from the current level of farmers' income, concerns about public services and social security have caused their consumption capacity to be suppressed. Through the reform of the household registration systemThe willingness of consumption is released, and the total amount can be as high as RMB trillion.
Cai Yan believes that family consumption behavior determines the direction of consumption and savings, and also determines what impact and guidance on the real economy.At present, the Chinese economy has encountered a new normal from the demand side. Demand side factors, especially consumption, have become an important normalization factor affecting the economy.
"In the past, when we said the new normality, it mainly refers to the new normal of the supply side. Now the demand -side factors and consumer factors are becoming more and more important." Cai Yan believes that what currently needs to stimulate residents consumption.Essence
Cai Yan said that after the epidemic, the Chinese economy has appeared in a new normal, and the new normal requires new practices.Therefore, macroeconomic policies should have new means and new objects. The stimulating objects should shift from investment to consumption, so as to correspond to the blocking points and shortcomings of the real economy."Stimulating consumption, it has arrived."
