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China’s Shopping Coupon Plan To Boost Consumption – SCMP

The local government will dish out $140.5 million in vouchers to random winners throughout November, the South China Morning Post said

Consumer and producer inflation data for August came in below expectations on Friday.
People walk along Nanjing Pedestrian Road shopping area in Shanghai, May 5, 2021. File photo: Aly Song, Reuters.


Shanghai is pinning its hopes on a shopping coupon lottery to revive retail spending, The South China Morning Post reported.

The city’s local government will dish out $140.5 million in retail vouchers throughout November, said the report, with the aim of boosting consumer confidence hit by Covid lockdowns and job losses.

Read the full report: The South China Morning Post


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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.


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