Boosting Consumption Starts with Raising Wages and Stabilizing Employment, Says Dong Mingzhu

Deep News03-09

On March 9, Dong Mingzhu, a National People's Congress deputy and Chairperson of Gree Electric Appliances, Inc. of Zhuhai, stated in an interview that stimulating consumption must begin with increasing wages and income. More importantly, resolving employment issues is essential, as without jobs, individuals lack the ability to spend even with consumption incentives. In summary, addressing employment and improving wage levels are critical, though how to enhance compensation requires comprehensive consideration. Dong Mingzhu also emphasized using AI to free young people from tedious and labor-intensive tasks, helping them transition from operational roles to technical positions. Even without internet technology, companies should pursue this goal. The availability of technologies like AI provides better tools, which is undoubtedly beneficial.

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