Beijing Launches Consumption Vouchers Scheme to Stimulate Waning Spending

Beijing plans to offer residents consumption vouchers to stimulate sluggish spending, joining a chorus of local governments facing plummeting consumer confidence in the fallout of Covid-19 lockdowns.

The municipal government will hand out 100 million ($14.9 million) in vouchers exclusively for eating out, as well as an unspecified number of suburb touring vouchers, according to its latest stimulus policies, published this week.