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Chinese local governments hand out coupons to boost consumption, economists call for more stimulus to boost retail


Chinese local governments are handing out coupons and local officials are using their public appearances at shops and restaurants to encourage citizens to spend more, after the country's consumption was hit hard by the coronavirus outbreak.

During the weekend, Chinese retailing giant, which has e-commerce platforms as well as bricks-and-mortar stores, handed out coupons worth 500 million yuan to boost shopping on its online and mobile platforms as well as about . . .

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