Member of the National Committee of the Chinese People's Political Consultative Conference Liu Yonghao: Recommends distributing 500 yuan universal consumption vouchers to the entire population, which could boost consumption by nearly 2 trillion yuan

2026-03-06 03:15:59

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Caixin News, March 2 — Regarding the current structural biases in the consumption voucher policies, Liu Yonghao, a member of the National Committee of the Chinese People’s Political Consultative Conference and Chairman of New Hope Group, stated at a media briefing that it is advisable to learn from the experiences of countries like Malaysia. He suggested issuing universal consumption vouchers to all citizens based on their ID cards, removing restrictions on industries and categories, so that policy benefits can reach low- and middle-income groups and the grassroots of people’s livelihoods. If each person nationwide receives 500 yuan, it could stimulate nearly 2 trillion yuan in consumption. (Yicai)

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