The innovation voucher is a universal policy tool applied in Shandong Province to promote R&D among technology-oriented SMEs.

Treasury bonds, cash or consumer voucher subsidies can be issued to low and middle-income families so that they can better overcome external shocks and uncertainties.

The authorities in Shenyang, capital of Liaoning province, launched a 100 million yuan voucher campaign from Jan 10 to Feb 28 to boost sales of automobiles and home appliances.

For example, the authorities in Shenyang, capital of Liaoning province, have launched a 100-million-yuan ($14.8 million) voucher campaign from Jan 10 to Feb 28 to boost sales of automobiles and home appliances.

Those who have obtained the coupons can book hotels and guesthouses on a specified platform before Feb 11, and each voucher is worth 200 yuan in discounts, according to the cultural and tourism bureau of Xiamen.

Cao Zhongxiong, director of the Department of Digital Strategy and Economics at China Development Institute, said that an optimized voucher system could effectively consolidate the foundation of economic recovery.

South China's Hainan province launched first round of voucher issuance activities from April 28 to accelerate consumption recovery.

A case in point is Zhengzhou, capital of Henan province, which has announced a massive voucher giveaway worth 240 million yuan from late May to August.

For instance, Zhengzhou, the capital of Henan province, has announced a massive voucher giveaway worth 240 million yuan from late May to August.

A case in point is the central city of Zhengzhou, which has announced a massive voucher giveaway worth 240 million yuan from late May to August.

If earners of the very-high income group donate 0.5 percent of this amount, that is, 125 billion yuan, and another 125 billion yuan is arranged by the government for voucher issuances, a total of 250 billion yuan worth of vouchers can be issued for other designated consumer groups, especially low-income groups whose population stands at around 280 million.

Basically, each HK$100 yuan voucher can create HK$80 yuan in consumption.

If there are any moves related to voucher issuances, (the sooner the better as there is a process before moves start to take effect, and the earlier they are issued, the better the effect on stable growth this year), it should be noted that the vouchers should be issued by the central government and funded by central finance, as vouchers issued by local governments will face more restrictions when being used nationwide.

During the July-September period, private consumption expenditure rose appreciably by 7.1 percent year-on-year in real terms thanks to the stable local epidemic situation, improved labor market conditions and the Consumption Voucher Scheme.

The e-bill is the digitalized receipt voucher invoiced by the government to collect fees, usually for nonprofit public services such as healthcare, education and transportation.

A local resident surnamed Shang said she had planned to book a luxury hotel in Tongzhou for only one night due to the high room rate, but with the voucher, she decided to stay for one more night.

People whose residential properties were expropriated for government-led reconstruction projects will receive housing vouchers and can use them to buy specific apartments within the voucher validity period.

At the same time, customers can receive a purchase tax reduction voucher of up to 10,000 yuan and participate in lotteries to get a car shopping voucher worth up to 6,000 yuan.

Instead, it would offer a 2,300-yuan ($346) aftersales voucher.

However, compensation in China was only a voucher for Porsche aftersales service without any notice.

As part of this, it has set up a "science and technology innovation voucher" mechanism under its Science and Technology Department to encourage the development of enterprises.

Companies can apply for a voucher at the science and technology entrepreneurship service center of the department multiple times in a year.

The innovation voucher must be used in the same year of application and will be invalid if it has expired.

Companies can use the voucher to purchase services from universities and research institutes, such as services related to research and development, startup incubation, technology consultation, and many other aspects.

Bao Hanwen, director of the science and technology entrepreneurship service center at the Science and Technology Department of Tibet, said the voucher will help relieve financial pressure associated with research and development for tech firms, promote cooperation among companies, universities, and research institutes, and facilitate transformation of scientific and technological achievements into real productive forces.

It forwarded the innovation voucher recipients to Tibet's Science and Technology Department for review, and the results were published on the department's website in November.

Economists suggest policy support, voucher issuance to boost spending confidenceThough the recent decline in deposit rates is seen as part of the country's efforts to energize consumption, economists have divided thoughts on how far the move will push consumption.