Residents of Beijing will hand out $1.7 billion on shopping

Beijing Authorities decided to support the population and the economy by giving vouchers which can be spent on shopping.

according to Bloomberg, the government of the capital of China decided to issue vouchers for a total amount of 12.2 billion yuan ($1.7 billion). It is noted that Beijing is not the first Chinese city that hosts this event.

it is Planned that distribution of vouchers will be conducted in four phases: 6, 13, 20 and 27 June. Residents of Beijing have already started to distribute the first coupons June 6 on the online platform. To spend their citizens can purchase in the sphere of culture, education, tourism, sports and food. However, the coupons have an expiration date — they must be used within 14 days after receipt.

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