Chinese cities issue digital voucher to instill consumer confidence during Spring Festival
Zhang Dan Published: Feb 09, 2021 08:53 PM
People visit a shopping mall at Tianjin s Hexi district on Saturday, as the district allocated 5 million yuan ($706,085) in vouchers to promote business recovery at a local consumption festival. The district plans to issue a total of 22.5 million yuan in vouchers to boost the economy. Photo: VCG
Multiple cities in China have issued consumption vouchers and a variety of benefits, aiming to bolster consumer confidence during the upcoming Spring Festival holiday while containing COVID-19 still remains a vital task for the country.
Analysts predicted that catering and entertainment-related consumption in large cities will reap benefits from the staying put policy.