China Needs More Consumer Coupons: Herald

China should issue more consumer coupons to help change consumers’ cautious attitudes on spending, the 21st Century Business Herald reported citing analysts after April retail sales fell 11.1% y/y to hit two-year low. Local governments should take an active role in coupon design and tilt toward lower-income groups. In Guangxi, an autonomous region in southern China, consumer coupons issued from April 30 to May 1 had driven sales with a leverage ratio of 1:13.5, the newspaper said. Analysts also noted that imported pressures may restrain household consumption if international food and energy prices continue to rise or remain high, the newspaper said.