Addressing the Current Economic Demand Issues by Developing the Tertiary Industry and Distributing Shopping Vouchers

Abstract

The main problems currently facing China are insufficient demand and related employment issues. An effective way to address these issues is to simultaneously develop the tertiary industry through the distribution of shopping vouchers. Developing the tertiary industry, especially community elderly care, community canteens, community childcare and other services, can absorb a large number of urban employment population, increase the income of urban residents, and thus drive the growth of the demand side. These measures can effectively improve the quality of life of urban residents and enhance their sense of happiness. Developing the service industry will also help improve China's industrial structure in the long run. The distribution of shopping vouchers can further stimulate the vigorous development of the tertiary industry, expand short-term consumption, and boost the demand side. The government should also increase publicity, guide social consumption, introduce policies such as tax reductions and exemptions, improve rules and regulations, and create a favorable business environment to support the development of the tertiary industry