BEIJING - Chinese cities from Beijing to Chengdu are giving out vouchers in a move to revitalise the country's flagging retail sector, which has been severely hit by strict Covid-19 restrictions and a gloomy economic outlook.
Hangzhou, capital of south-eastern province Zhejiang, last Friday (July 8) was among the latest to dole out incentives for its 12.2 million residents to spend more by issuing retail vouchers worth 80 million yuan (S$16.6 million).
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
