Published: 12:36, February 11, 2026
China rolls out incentives to boost Spring Festival spending
By Xinhua
People shop for festive decorations at a shopping mall in Beijing, capital of China, Jan 31, 2026. (PHOTO / XINHUA)

BEIJING - Chinese local authorities have allocated 2.05 billion yuan (about $295.23 million) in funds to directly benefit the public through the distribution of consumption vouchers, subsidies, and cash envelopes during the nine-day Spring Festival holiday, an official said on Wednesday.

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The move is part of a consumption promotion campaign during the Spring Festival holiday. The campaign features activities across six areas, including dining, accommodation, transportation, tourism, shopping and entertainment, Vice-Commerce Minister Sheng Qiuping told a press conference.