The prolonged Covid-19 pandemic is set to spoil China’s third Spring Festival in a row. Photo: AP Photo
Opinion
Opinion
Zhou Xin
China should consider offering its first nationwide cash handouts in 2022 for a happy Spring Festival
A one-off handout of an appropriate amount could benefit small businesses that have borne the brunt of China’s Covid-19 lockdowns amid mini outbreaks
Giving every citizen 2,000 yuan would cost the government less than 3 trillion yuan, an expense that China can well afford without ruining its fiscal books