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Li Daokui on Taobao Flash Buy's 50 Billion Subsidy Plan: Predicts a Minimum 100 Billion Yuan Boost in Consumption
4 week ago /
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Author：小编
Renowned economist Li Daokui, Dean of the Academy for China's Economic Thought and Practice at Tsinghua University, recently took to Weibo to comment on Taobao Flash Buy's announcement on July 2. The platform revealed plans to subsidize 50 billion yuan over the next 12 months. Li Daokui likened this initiative to Alibaba, as a prominent consumer platform, directly distributing "consumption vouchers" to its users. He further postulated that these 50 billion yuan in subsidies have the potential to stimulate at least an additional 100 billion yuan in consumer spending.
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