Comment: It Is Feasible To Take The Profit Of State-Owned Enterprises For Two Years To Give Dividends To The Whole People.

Wang Tian, chairman of the National People's Congress and chairman of BBK commercial chain Limited by Share Ltd, boldly suggested that "4 trillion years of state enterprise profits should be paid to the whole people, with a total of $2 coupons."

At present, China's economy has reached a critical stage, which is no less difficult.

To start domestic demand, especially to start domestic consumption, is the best way to get rid of the economic predicament. It has broad consensus both at home and abroad, and it is also our aim in many years.

Starting domestic consumption is constrained by slow growth in income, inadequate social security and high social security.

However, in response to this economic downturn, we must do enough to start domestic consumption, and we can only rely on consumption to radically pull the market and stimulate the economy.

We note that the Ministry of Commerce has repeatedly stated that it is developing a new round of measures to stimulate consumption.

These policies will certainly play a positive role, but if we encounter financial difficulties similar to those during the financial crisis of 2008, this is the Chinese medicine prescription, which is slow and far from being able to hydrolyze the thirst.

During the last financial crisis, China launched a 4 trillion yuan investment plan and successfully responded to the impact on China's economy.

This time, if we can launch similar plans from consumption, we will quickly reverse the downward pressure on China's economy and have fewer side effects.

Wang Tian, the NPC deputy, suggested that two years' profits from state enterprises be paid to the whole people, and 4 trillion "consumer coupons" should be issued to all Chinese citizens in two years, 3000 yuan per person.

We feel that this proposal is feasible, and many countries and regions have precedents, which stimulate the economy's "consumption 4 trillion" to successfully cope with the current economic difficulties, and there is no negative effect.

The 4 trillion yuan consumption coupon will directly drive the total amount of GDP of 10 trillion -20 trillion, equivalent to GDP32% in 2011.

In addition to resisting investment and export decline, we can ensure that our economy will maintain an appreciable and high quality growth rate for two years.

4 trillion the consumption driven industry is all-around. It keeps the economic growth and keeps the employment rate in a higher position.

Some people worry that whether the 4 trillion profits of state-owned enterprises are allocated to the people and stimulate consumption will cause inflation.

The fundamental reason for inflation is that the currency in circulation is much more than that produced and realizes the value of final consumption.

As long as the money and credit to be distributed, the cash and coupons issued to the people are guaranteed by material means, they are obtained from production and operation.

Of course, we must explore the long-term mechanism and the fundamental way out for state-owned enterprises to share profits.

The author thinks that the state-owned shares can be allocated to the people, so that people can own property income and intuitively let the people share the fruits of state-owned enterprises.

Giving state-owned shares to the people, stipulates that they can not be sold in the two tier market from 20 to 30 years. They can only enjoy the annual dividend income and enrich their annual dividend income to their social security funds such as pension, medical care and housing, but they can be inherited.

This eliminated the possibility of hostile takeovers by a few people or foreign investors, and also maintained the stability of state-owned shares.

This is another form of realization of state owned ownership of state-owned enterprises. It is a deepening of equity diversification of state-owned enterprises and a real way for the whole nation to share the achievements of state-owned enterprises.

At present, there are 115 central enterprises, and the total assets at the end of last year are 27 trillion and 500 billion yuan. If the shares are allocated to the common people, each person can get a value of nearly 20 thousand yuan.