The prolonged Covid-19 pandemic is set to spoil China’s third Spring Festival in a row. Photo: AP Photo
The prolonged Covid-19 pandemic is set to spoil China’s third Spring Festival in a row. Photo: AP Photo
Zhou Xin
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

The prolonged Covid-19 pandemic is set to spoil China’s third Spring Festival in a row. Photo: AP Photo
The prolonged Covid-19 pandemic is set to spoil China’s third Spring Festival in a row. Photo: AP Photo
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