Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters
Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters

Coronavirus: China handing out more vouchers to spur spending, but cash handout still unlikely

  • Around 30 Chinese cities have issued 5 billion yuan (US$704 million) worth of vouchers in an effort to help its coronavirus-hit economy
  • China is still not expected to follow the US, Hong Kong and Japan in giving direct payments to households

Topic |   Coronavirus pandemic
Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters
Private consumption accounted for some 60 per cent of China’s economic growth last year, a significant change from the previous model which focused on investment and exports. Photo: Reuters
READ FULL ARTICLE