China rolls out incentives to boost Spring Festival spending

A press conference is held by the State Council Information Office (SCIO) in Beijing, capital of China, Feb. 11, 2026. Chinese local authorities have allocated 2.05 billion yuan (about 295.23 million U.S. dollars) 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. (Xinhua/Chen Yehua)

BEIJING, Feb. 11 (Xinhua) -- Chinese local authorities have allocated 2.05 billion yuan (about 295.23 million U.S. dollars) 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.

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.