KU The Effects of Wal Mart on Local Labor Markets Discussion – Description
Discussion Board News
Write a discussion on Portal about a current news article that is related to any of the topics covered in class by Friday of the first four weeks (i.e. 7/7, 7/14, 7/21, 7/28). Your post should include the title and author of the article. It should also include the name of the journal where the article was found. If you find the article online, please copy and paste the link to your post so your classmates can easily access it. In a couple of sentences summarize the article, mention the topic it is related to, and describe how the news is related to our classes and conduct basic economics (especially microeconomics) analyses.
Reply:
The Chinese government’s efforts to expand domestic demand and boost consumption.
News:
Ifeng.com:
On July 6, Shu Jueting, spokesperson of the Ministry of Commerce, said at the meeting that the Chinese government attaches great importance to expanding domestic demand and promoting consumption. Household consumption involves many fields, long upstream and downstream chains, and large scale, and taking targeted measures to boost it is conducive to driving consumer consumption growth and economic recovery. Recently, the Ministry of Commerce, together with relevant departments, drafted a policy document to promote household consumption on the basis of in-depth research, and proposed specific measures from the aspects of improving supply quality, innovating consumption scenarios, improving consumption conditions, and optimizing the consumption environment. The document has been reviewed and approved by the executive meeting of The State Council on June 29, and will be officially issued in the near future.
Opinion:
We can see that the Chinese government attaches great importance to expanding domestic demand and promoting consumption, especially in the field of household consumption.
1. Multiple fields involved: Home consumption is a complex industry involving many fields, including furniture, home appliances, decorative materials and so on. This means that the expansion of household consumption will involve many related enterprises and supply chains, which will drive the growth of related industries. Therefore, targeted policy measures help to promote the development of the entire household consumption industry chain.
2. Improvement of supply quality: The government proposes measures to improve supply quality, which means that the government will encourage household consumption enterprises to provide higher quality and more competitive products and services. This will be achieved through measures to encourage technological innovation, quality control and product design. Improving the quality of supply can improve consumers’ purchasing power and purchase willingness, thus stimulating the growth of household consumption.
3. Innovative consumption scenarios: The government’s initiative to put forward innovative consumption scenarios means encouraging enterprises to attract consumers through innovative sales channels, shopping experiences and service methods. This can include innovative ways such as online and offline shopping models, personalized customized services, and smart homes. Innovative consumption scenarios can boost consumer demand and interest in household products, thereby boosting consumption growth.
4. Improve consumption conditions and environment: The government’s measures to improve consumption conditions and environment mean that it will strengthen the protection of consumers’ rights and interests, improve consumer financial support, and improve the shopping environment. Improving consumption conditions and environment can enhance consumers’ confidence, increase their willingness to consume, and provide them with better shopping experience and convenience.
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