China’s coronavirus stimulus opts for coupons in a world awash with cash handouts — why?

China is no stranger to a cashless economy, and that now extends to its coronavirus economic recovery.

As part of recovery plans, local city governments have been issuing citizens with digital coupons that will help them buy groceries or takeaway food, but there are two catches: some have short expiry dates, while others incentivise people to spend a certain amount (like a two-for-one deal).

  • Alan Weedon and Samuel Wang
  • ABC News

Coupons have been appearing on Chinese smartphones and tablets since late March, and at the last count, more than…

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button