Jul 08, 2022 08:41 PM

Beijing Launches Consumption Vouchers Scheme to Stimulate Waning Spending

Photo: VCG
Photo: VCG

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.

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