China’s flagging consumer spending prompts cities to hand out tens of millions of yuan in shopping vouchers

Source: China – South China Morning PostChinese cities are giving out tens of millions of yuan worth of vouchers to boost consumer spending dampened by weak economic growth and stringent coronavirus containment measures.Starting early in December, a number of cities including Nanjing, Zhengzhou, Hefei and Chongqing are promoting local consumption with vouchers for restaurants, entertainment, tourism and other consumer activities.Hefei in the eastern province of Anhui is set to distribute 40 million yuan (US$6.3 million), one of the…Read More

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