Opinion: A Large Voucher Rollout Is Feasible Solution to Spur China’s Consumption

As China’s economic recovery enters a critical stage, it is essential to address challenges including soaring youth unemployment, shaky consumer confidence, and a patchy rebound across different consumption sectors. These issues have spurred a need for government measures to boost consumer spending.

We see a large-scale issuance of consumption vouchers as a feasible stimulus to spur domestic spending, a key growth engine.