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Beijing to Give $1.7 Billion in Vouchers to Boost Shopping

Retail sales in Beijing slumped 20.4% in the first four months of the year.

Retail sales in Beijing slumped 20.4% in the first four months of the year.

Photographer: Wang Zhao/AFP via Getty Images

Bloomberg News

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Beijing has joined dozens of other Chinese cities and will issue consumption vouchers to citizens, in an effort to encourage spending after retail sales collapsed following the coronavirus outbreak.