Multiple Chinese cities issue coupons to boost consumption during May Day holidays
五一假期中国多个城市发放优惠券以促进消费
Multiple localities in China have issued coupons and digital red envelops among a variety of benefits, aiming to bolster consumer confidence and encouraging local spending during the upcoming May Day holidays.
Analysts said the issuing of coupons is conducive to promoting short-term spending from April 30 to May 4, creating a “multiplier effect” and helping ramp up consumption in the second quarter.
中国多地已发放优惠券和数字红包等多种福利，旨在提振消费者信心，鼓励当地在即将到来的五一假期消费。
发放优惠券有利于促进4月30日至5月4日的短期消费，产生“乘数效应”，有助于提振二季度消费。
