# stimulus
Latest news and articles about stimulus
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.
China’s New-For-Old Subsidies Spark Surge in Appliance and Smart-Device Sales, Selling Over 15 Million Units in January
China’s subsidy programme for appliance trade‑ins and purchases of digital and smart products produced more than 15 million unit sales in January, generating nearly 590 billion yuan in turnover. The rapid local rollout — with all 32 regions activating subsidies — signals an early policy success in boosting consumption and encouraging greener, higher‑tech upgrades, though risks remain around front‑loading, fiscal cost and recycling capacity.