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In Depth: Who really benefits from China's consumption vouchers?

With focus on business relief, low-income earners and the unemployed lose out

People enjoy their meal at the food court of a shopping mall during lunchtime, following an outbreak of the coronavirus disease (COVID-19), in Beijing on May 15.   © Reuters

Boosting consumption has become key for local governments and policymakers in China as they work to repair the hole blown in the economy by the new coronavirus. The idea is that encouraging households to spend helps increase demand for goods and services, supports employment, and bolsters growth in gross domestic product.

Vouchers and coupons for discounts on purchases of appliances or visits to tourist sites have become an increasingly popular way of enticing consumers to open their wallets.

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