Optimization of Hubei consumption coupons: Expand domestic demand, ensure employment and promote development

There exist multiplier effect and substitution effect in consumption coupons,both of which perform differently in various commodities and residents.Since Hubei Province began to issued the consumption coupon in 2020,it has achieved remarkable results in the past three years.However,this policy is still confronted with problems such as the mismatch between the industry structure of consumption coupons and industries to be restored,the imprecise objects of consumption coupons,the imperfection of organic connection with the construction of new development pattern,and the lack of scientific evaluation of the effect of issuing consumption coupons.Therefore,suggestions of optimizing Hubei consumption coupons,building a new development pattern and promoting multi-objective coordination is put forward.