China’s Shopping Coupon Plan To Boost Consumption – SCMP

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

Read more:

China Won’t Flinch Despite Yuan’s Expected Slide: Analysts

China Refiners Get Green Light to Boost Exports, Lift Economy

China’s Factory Activity Edges up But Service Sector Slows

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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