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Chinese localities intensively issue consumption vouchers to boost economic recovery
China’s household spending likely to rebound in H1 2023: analysts
By Ma Jingjing
Published: Dec 21, 2022 07:38 PM Updated: Dec 21, 2022 07:36 PM
Chinese local governments have moved to hand out consumption vouchers lately to stimulate domestic demand, as stores reopen amid the optimization of COVID-19 responses. Economists expect retail consumption will significantly rebound after the first quarter of 2023.
They suggest more consumption vouchers should be issued and other measures taken to increase people’s incomes.
To elevate consumer confidence and release consumption potential, Shijiazhuang, capital of North China’s Hebei Province, launched a shopping festival, during which city governmentissued consumption vouchers worth 101 million yuan ($14.5 million) for promotions, state broadcaster CCTV reported on Wednesday. According to the report, people could use the vouchers to buy cars, home appliances, jewelry and other items at the city’s 3,000 local stores.
more.....
zhttps://www.globaltimes.cn/page/202212/1282386.shtml
Chinese localities intensively issue consumption vouchers to boost economic recovery
China’s household spending likely to rebound in H1 2023: analysts
By Ma Jingjing
Published: Dec 21, 2022 07:38 PM Updated: Dec 21, 2022 07:36 PM
Chinese local governments have moved to hand out consumption vouchers lately to stimulate domestic demand, as stores reopen amid the optimization of COVID-19 responses. Economists expect retail consumption will significantly rebound after the first quarter of 2023.
They suggest more consumption vouchers should be issued and other measures taken to increase people’s incomes.
To elevate consumer confidence and release consumption potential, Shijiazhuang, capital of North China’s Hebei Province, launched a shopping festival, during which city governmentissued consumption vouchers worth 101 million yuan ($14.5 million) for promotions, state broadcaster CCTV reported on Wednesday. According to the report, people could use the vouchers to buy cars, home appliances, jewelry and other items at the city’s 3,000 local stores.
more.....
zhttps://www.globaltimes.cn/page/202212/1282386.shtml