Liu Qiao, dean of Peking University's Guanghua School of Management, proposed at the Tsinghua Wudaokou Chief Economists' Forum to provide digital currency for low-income households to promote consumption. He explained that the National Bureau of Statistics divides income distribution into five groups. According to 2022 data, the income limit for the minimum 20% group is about 8,400 yuan. “We support each of these 280 million people 10,000 yuan, for a total of 2.8 trillion yuan. If the support is more mature at the technical level, it can be converted into consumption.” Liu Qiao said, “Although this is a very idealized description, to achieve the target of 5% economic growth this year, the effect of this policy, at least in terms of logical deduction, is very obvious, and you can consider testing it for some time to come.” He also explained that since digital currency is issued, it is also possible to reach low-income groups directly.

Liu Qiao, dean of Peking University's Guanghua School of Management, proposed at the Tsinghua Wudaokou Chief Economists' Forum to provide digital currency for low-income households to promote consumption. He explained that the National Bureau of Statistics divides income distribution into five groups. According to 2022 data, the income limit for the minimum 20% group is about 8,400 yuan. “We support each of these 280 million people 10,000 yuan, for a total of 2.8 trillion yuan. If the support is more mature at the technical level, it can be converted into consumption.” Liu Qiao said, “Although this is a very idealized description, to achieve the target of 5% economic growth this year, the effect of this policy, at least in terms of logical deduction, is very obvious, and you can consider testing it for some time to come.” He also explained that since digital currency is issued, it is also possible to reach low-income groups directly.