Register now for FREE unlimited access to Reuters.com RegisterA worker welds at the top of skyscraper Xiamen International Centre under construction in Xiamen, Fujian province, China December 23, 2017.
REUTERS/StringerBEIJING, Sept 19 (Reuters) - China will speed up fund injections to expedite project construction and boost domestic consumption, China's state planner said on Monday, even after the economy showed signs of renewed momentum last month.
Shanghai, which lifted a two-month Covid lockdown in June, said it would hand out "consumption vouchers" worth around 100 million yuan ($14.3 million) to residents starting Tuesday, for use in a major shopping district.
The southern island province of Hainan on Monday also said it would issue vouchers, again totalling 100 million yuan, to make consumption the main driver of the recovery.
"We estimate the current level of restrictions is suppressing the level of GDP in China by 4-5%."