Latest news and articles about consumption vouchers
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A prominent CPPCC member and business leader, Liu Yonghao, has proposed issuing a universal ¥500 consumption voucher to every Chinese resident to boost spending, especially in small businesses and services. He argues the scheme would cost about ¥700 billion and could catalyse roughly ¥20 trillion in consumption while supporting millions of service jobs, but practical and fiscal risks remain.
