# service sector
Latest news and articles about service sector
Total: 2 articles found
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.
Beijing Extends and Expands Loan Interest Subsidies to Boost Service Consumption Through 2026
China has extended a fiscal loan interest‑subsidy scheme for service businesses through the end of 2026, raising the 2026 per‑borrower subsidy cap to RMB 10 million and widening eligible sectors to include digital, green and retail. The move aims to mobilise bank lending and central fiscal resources to revive consumption while imposing stricter oversight and faster settlement procedures.