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Beijing is reportedly giving its citizens $1.7 billion to go shopping - Business Insider

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Beijing is reportedly giving its citizens $1.7 billion to go shopping

Citizens of Beijing are set to have a government-funded shopping spree as the city hands out 12.2 billion yuan, or $1.7 billion USD, in vouchers,In addition to shopping, the vouchers can be used for catering, tourism, education, and sports, the report said.

The vouchers come as China seeks to recover from the economic fallout from the coronavirus. Retail salesAs the first country hit by the coronavirus, which originated there, China has also had a head start in its economic recovery from the shutdowns. China'sBeijing is not alone in handing out the vouchers — over 50 cities across China are offering similar handouts, according to the report, including Wuhan, Shenzhen, and Hangzhou.

 

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it's beijing municipal govt for its city citizens. around 80USD per person though not everyone would want it. I don't plan to buy for anything so I don't take it.

funny headline, you got me there..

China may as well give its workforce shopping vouchers, as their goods are made at slave wages, CHEAP CHEAP CHEAP & now NOT being CONSUMED by USA & EU nations whose economies have been SHUTDOWN by WhuanVirus!

Kind of what the fed has done for the upper 1%...

Hmm, what does this mean?

They should do the same thing here 🤓😎🤑

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