Local Governments Again Break Out the Coupons to Boost Consumer Spending

China’s local governments have begun offering billions of yuan worth of coupons to boost consumer spending, in an effort to help businesses feeling the pain of China’s Covid-19 outbreaks over the past two months.

The measure comes as China’s economy faces some of the greatest strain it has experienced since the initial wave of outbreaks in early 2020 — a time when local governments also offered coupons — as strict lockdowns across the country have disrupted business and everyday life.