# consumption vouchers

Business Leader Urges China to Give Every Citizen ¥500 Voucher to Spur Spending — Claims It Could Unlock Nearly ¥2 Trillion

Liu Yonghao, a CPPCC member and chairman of New Hope Group, has proposed issuing a universal 500-yuan consumption voucher to every resident in China. He argues the measure — costing about ¥700 billion in issuance — could mobilise nearly ¥2 trillion in spending and support millions of service-sector jobs, while correcting a bias in past voucher schemes that favoured large retailers.