Free Trial

Spring Festival Coupons Boost Consumption - Securities Times

CHINA PRESS

Local governments have increased the use of consumption coupons to increase spending during the Spring Festival, according to the Securities Times. Authorities are offering coupons through partnerships with big-tech shopping platforms, and experimenting with issuing the digital RMB, the paper said. Citing experts, the paper believes the vouchers can achieve targeted consumption objectives, with food, accommodation, travel, shopping and entertainment the sectors benefiting the most from the schemes. Zhejiang province expects to issue more than CNY1.6 billion of consumer coupons in total, the paper said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.