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My name is my registration number is Today I will share with you my opinion about shopping vouchers. Shopping vouchers are now being widely used these days. Some economists have suggested that issuing shopping vouchers is a good way to tackle the economic crisis because it can stimulate consumers’ desire to purchase more commodities. Here is the question: Can shopping vouchers really increase consumption?
As we know, the government has worked out an economic stimulus package, trying to tap the country’s huge consumption potential. For one thing, the citizens in some places have got shopping vouchers for free. Some people think that it is a pretty effective approach and will bring immediate returns because shopping vouchers have a time limit and thus will immediately promote domestic consumption. However, the truth is: numerous people having received vouchers have chosen to cash in the vouchers and saved the money instead of shopping. To some extent, it hasn’t turned out as originally planned. Why? As some critic have said, China still has a long way to go in improving the economic environment to encourage consumption by issuing shopping vouchers. People can enjoy the happiness only when they are covered by an effective social security network and enjoy higher income.
To sum up, to stimulate Chinese residents’ consumption, the government should first guarantee a sound social security system, covering health, unemployment, education and housing, and so on. After all of these have been done, people will have enough money to spend and with the promotion of consumption, their life can be gradually improved.