"Red packets will be given as fixed coupons to mainly purchase industrial products like household appliances rather than daily necessities. Coupons can be used with cash," He added.
Some Chinese economists recommended following the US's tax refund strategy, but He reckoned it would not suit China's situation, given that farmers would benefit little from the strategy.
Liu Hanyuan, a CPPCC member, said the government should provide every citizen annual coupons worth up to 4,000 yuan ($584) to encourage domestic consumption.
Liao Xiaojun, deputy of Minister of Finance stated that no nationwide coupons would be given, on the sidelines of the annual session in Beijing March 8. Also, Chen Deming, Minister of Commerce said there was no plan on this issue at present.
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