Shanghai plans issuing $74m vouchers to boost consumption
2 months, 4 weeks ago

Shanghai plans issuing $74m vouchers to boost consumption

China Daily  

Consumers browse at a store on Fumin Road in Shanghai. WANG GANG/FOR CHINA DAILY Shanghai will offer 500-million-yuan coupons to further spur consumption in catering, accommodation, movies and sports, the municipal government said at a press briefing on Wednesday. The accommodation coupons are open to local residents, people living in other parts of China and even foreigners traveling to Shanghai. Wei Lu, chief economist of the Shanghai Development and Reform Commission, said the service consumption subsidies fit well with the consumption upgrade trend. Ahead of the consumption incentives announced on Wednesday, Shanghai had announced in early September a 4-billion-yuan trade-in plan for cars, home appliances, as well as home decoration and renovation in an attempt to benefit more consumers.

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Shanghai plans issuing $74m vouchers to boost consumption
2 months, 4 weeks ago

Shanghai plans issuing $74m vouchers to boost consumption

China Daily  

Consumers browse at a store on Fumin Road in Shanghai. WANG GANG/FOR CHINA DAILY Shanghai will offer 500-million-yuan coupons to further spur consumption in catering, accommodation, movies and sports, the municipal government said at a press briefing on Wednesday. The accommodation coupons are open to local residents, people living in other parts of China and even foreigners traveling to Shanghai. …

Consumption vouchers issued to boost spending in China
2 months, 4 weeks ago

Consumption vouchers issued to boost spending in China

China Daily  

Customers participate in a themed promotional event at Haikou International Duty-Free City. CHENGDU - Local authorities in China have issued consumption vouchers to boost spending ahead of the country's National Day holiday, a major occasion for consumption. On Thursday, the Sichuan provincial department of commerce announced that the province will pour more than 400 million yuan from its fiscal budget …

Measures to boost service consumption
4 months, 1 week ago

Measures to boost service consumption

China Daily  

SHI YU/CHINA DAILY China has outlined a range of policy measures to support the development of service consumption across a broad spectrum of industries to unleash new drivers of domestic demand and further contribute to long-term economic development, analysts said. China is currently experiencing a rapid growth phase in service consumption, with the pace of expansion surpassing that of goods …

Consumption boost requires society's buy-in
4 months, 2 weeks ago

Consumption boost requires society's buy-in

China Daily  

People visit the fourth China International Consumer Products Expo in Haikou, capital city of South China's Hainan province, April 18, 2024. China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public on Saturday. The guideline, issued by the State Council, China's …

Consumption boost requires society's buy-in
4 months, 2 weeks ago

Consumption boost requires society's buy-in

China Daily  

People visit the fourth China International Consumer Products Expo in Haikou, capital city of South China's Hainan province, April 18, 2024. China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public on Saturday. The guideline, issued by the State Council, China's …

China moves to advance high-quality development of service consumption
4 months, 2 weeks ago

China moves to advance high-quality development of service consumption

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. BEIJING -- China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public Saturday. The guideline, issued by the State Council, set out 20 key tasks, including tapping the potential of …

Quzhou's retail sales soar to 46.51 billion yuan
4 months, 3 weeks ago

Quzhou's retail sales soar to 46.51 billion yuan

China Daily  

ezhejiang.gov.cn| Updated :2024-08-02 According to statistics from the Quzhou Bureau of Commerce, the city's wholesale, retail, accommodation, and catering industries all experienced year-on-year growth in the first half of the year. The total retail sales of consumer goods reached 46.51 billion yuan, marking a 9 percent year-on-year increase. From January to June this year, Quzhou hosted 82 consumption-promoting events, distributing …

Consumption's big role in focus
5 months, 4 weeks ago

Consumption's big role in focus

China Daily  

Zhu Min, former deputy managing director of the International Monetary Fund, at the Reinvigorating Consumption forum on Tuesday. ZOU HONG/CHINA DAILY Despite the pressure of lackluster domestic demand, China still has the capability and conditions to further tap consumption potential to sustain high-quality growth, experts and entrepreneurs said at the 15th Annual Meeting of the New Champions, also known as …

Holiday consumption mirrors China's economic vitality in new year
1 year, 10 months ago

Holiday consumption mirrors China's economic vitality in new year

China Daily  

This photo taken on Jan. 23, 2023 shows people at a cinema in Xi'an, Northwest China's Shaanxi province. During the week-long holiday, which ended on Friday, sales revenue of China's consumption-related sectors rose 12.2 percent from last year's Spring Festival holiday, which ran from Jan 31 to Feb 6, data from the State Taxation Administration showed. MOVIEGOERS ARE BACK China's …

Laoshan launches measures to boost consumption
2 years ago

Laoshan launches measures to boost consumption

China Daily  

Laoshan district in Qingdao, Shandong province Laoshan district in Qingdao, Shandong province recently launched 10 measures to promote consumption and stabilize the market. The district plans to increase financial support for industries, carry out promotional consumption activities, boost traditional catering consumption, expand consumption in cultural, tourism and sports, tap the rural consumer market, increase the attraction of e-commerce platforms, encourage …

上海发布稳增长“22条”  聚焦助行业强主体
2 years, 2 months ago

上海发布稳增长“22条”  聚焦助行业强主体

China Daily  

22 policies in Shanghai to help boost market mood, keep recovery pace 9月28日，上海市举行新闻发布会，介绍《上海市助行业强主体稳增长的若干政策措施》（简称稳增长“22条”）相关情况。稳增长“22条”共包括着力助行业促发展、着力强主体增动能、着力扩需求稳增长、着力优环境强服务等四个方面内容，自10月1日起施行。 Tourists visit the Bund area of Shanghai. The Shanghai municipal government has given a solid boost to market confidence by announcing 22 favorable policies on Wednesday, which will help maintain the strong momentum in economic recovery, local officials said. 9月28日，上海市政府发布《上海市助行业强主体稳增长的若干政策措施》，提出稳增长“22条”，有力地提振了市场信心，这将有助于保持经济复苏的强劲势头。 The 22 policies will boost market demand, …

Coupons issued to stimulate consumption for May Day holiday
2 years, 7 months ago

Coupons issued to stimulate consumption for May Day holiday

China Daily  

A consumption coupon advertised in a shopping mall in Zhengzhou, Central China's Henan province, on May 5, 2020. Coupons are being issued to stimulate consumption during the upcoming May Day holiday in different parts of China, the Beijing News reported on Wednesday. Coupons for various products including digital home appliances, general merchandise, clothing, food and poverty alleviation products have been …

Shanghai tops country in per capita consumer spending
3 years, 2 months ago

Shanghai tops country in per capita consumer spending

China Daily  

Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. The per capita nominal consumer spending in Shanghai reached 35,000 yuan in the first three quarters of this year, taking the crown among China's 31 provincial-level regions, followed by Beijing and Zhejiang province, with 31,781 yuan and 27,060 yuan, respectively, according to the National Bureau …

Shanghai tops country in per capita consumer spending
3 years, 2 months ago

Shanghai tops country in per capita consumer spending

China Daily  

Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. The per capita nominal consumer spending in Shanghai reached 35,000 yuan in the first three quarters of this year, taking the crown among China's 31 provincial-level regions, followed by Beijing and Zhejiang province, with 31,781 yuan and 27,060 yuan, respectively, according to the National Bureau …

Shanghai to issue subsidies to tide cinemas over COVID-19 closures
4 years, 5 months ago

Shanghai to issue subsidies to tide cinemas over COVID-19 closures

China Daily  

China's eastern metropolis Shanghai will offer subsidies of nearly 18 million yuan to cinemas that have been shuttered amid the COVID-19 epidemic. The Shanghai Municipal Film Administration on Wednesday released a list of 345 cinemas that will receive the subsidies, ranging from large cineplexes to small start-up cinemas. Shanghai's cinema operators have described the subsidies as timely, as they struggle …

Shanghai to issue subsidies to tide cinemas over COVID-19 closures
4 years, 5 months ago

Shanghai to issue subsidies to tide cinemas over COVID-19 closures

China Daily  

China's eastern metropolis Shanghai will offer subsidies of nearly 18 million yuan to cinemas that have been shuttered amid the COVID-19 epidemic. The Shanghai Municipal Film Administration on Wednesday released a list of 345 cinemas that will receive the subsidies, ranging from large cineplexes to small start-up cinemas. Shanghai's cinema operators have described the subsidies as timely, as they struggle …

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