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

Coronavirus pandemic

Economy /  China Economy

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

Topic |   Coronavirus pandemic
Sidney Leng
Sidney Leng

Updated: 10:25pm, 14 May, 2020

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