China’s Shopping Coupon Plan To Boost Consumption – SCMP

Shanghai is pinning its hopes on a shopping coupon lottery to revive retail spending, The South China Morning Post reported.

The city’s local government will dish out $140.5 million in retail vouchers throughout November, said the report, with the aim of boosting consumer confidence hit by Covid lockdowns and job losses.

Read the full report: The South China Morning Post

Read more:

China Won’t Flinch Despite Yuan’s Expected Slide: Analysts

China Refiners Get Green Light to Boost Exports, Lift Economy

China’s Factory Activity Edges up But Service Sector Slows

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

You Might also Like

Congress to Vote on New Curbs on US Investment in China

US Officials Told: Use Encryption to Avoid Chinese Phone Hacks

Hong Kong Gives Green Light for Four More Crypto Exchanges

US Cuts China Chip Firm From 'Military Ties' List After Lawsuit