China rolls out incentives to boost Spring Festival spending

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.

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.