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Coronavirus: China trying vouchers to boost consumer but effort modest compared to HK, US

Summary:
[unable to retrieve full-text content]China’s central government has endorsed efforts by local governments to distribute prepaid vouchers worth billions of yuan to lift consumer spending amid the coronavirus outbreak, although the packages pale in comparison with direct handouts announced by the Hong Kong government and planned in the US.The National Development and Reform Commission (NDRC), the country’s top economic planning agency, said it was closely watching voucher programmes in a number of cities and urged other local…

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[unable to retrieve full-text content]
China’s central government has endorsed efforts by local governments to distribute prepaid vouchers worth billions of yuan to lift consumer spending amid the coronavirus outbreak, although the packages pale in comparison with direct handouts announced by the Hong Kong government and planned in the US.The National Development and Reform Commission (NDRC), the country’s top economic planning agency, said it was closely watching voucher programmes in a number of cities and urged other local…

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