East Chinese city offers more e-vouchers to boost consumption

Source: Xinhua| 2020-04-09 23:50:44|Editor: huaxia

HANGZHOU, April 9 (Xinhua) -- The city of Hangzhou, capital of eastern China's Zhejiang Province, will issue a fourth round of e-vouchers worth 75 million yuan (about 10.6 million U.S. dollars) to boost consumption, the municipal government said Thursday.

Starting at 10:00 a.m. on Friday, residents in Hangzhou will be able to apply for e-vouchers on Alibaba's online-payment service Alipay. A total of 1.5 million vouchers will be handed out this round. Earlier, the city handed out three rounds of vouchers.

So far, vouchers in various forms have been handed out in seven provinces in China to boost consumption and positive results have been witnessed, said Gao Feng, a spokesperson with China's Ministry of Commerce.

On March 26, Hangzhou announced a plan to issue e-vouchers worth 1.68 billion yuan to boost consumption hit hard by the novel coronavirus outbreak. Statistics show that the vouchers have so far boosted consumption by 2.37 billion yuan in the city.