Abstract : Chinese local authorities have allocated 2.05 billion yuan (about 295.23 million U.S. dollars) in funds to directly benefit the public through the distribution of consumption vouchers, subsidies, and cash envelopes during the nine-day Spring Festival holiday, an official said on Wednesday.
BEIJING, Feb. 11 (Xinhua) -- Chinese local authorities have allocated 2.05 billion yuan (about 295.23 million U.S. dollars) in funds to directly benefit the public through the distribution of consumption vouchers, subsidies, and cash envelopes during the nine-day Spring Festival holiday, an official said on Wednesday.
The move is part of a consumption promotion campaign during the Spring Festival holiday. The campaign features activities across six areas, including dining, accommodation, transportation, tourism, shopping and entertainment, Vice Commerce Minister Sheng Qiuping told a press conference.
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Keyword:
China
incentives
Spring Festival spending
