China’s restaurants, retailers and tourist sector have been particularly hard hit by the coronavirus. Photo: Reuters
China’s restaurants, retailers and tourist sector have been particularly hard hit by the coronavirus. Photo: Reuters

Coronavirus: China voucher scheme to revive retail hits the buffers, sparking debate about cash payments

  • Local governments in 42 cities have handed out more than 6.5 billion yuan (US$916 million) in vouchers to lift consumption that has been hard hit by Covid-19
  • But reports suggest the subsidies are not always reaching their intended targets, raising questions about why China does not opt for direct cash relief

China’s restaurants, retailers and tourist sector have been particularly hard hit by the coronavirus. Photo: Reuters
China’s restaurants, retailers and tourist sector have been particularly hard hit by the coronavirus. Photo: Reuters
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