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

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
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