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What policies did China implement to stimulate the economy during the epidemic?
During the epidemic period, China introduced policies to stimulate the economy, such as stall economy, consumer vouchers, and the Fifth Five-Year Shopping Festival.

1, stall economy

On May 27, 2020, the Central Civilization Office made it clear that road markets and mobile vendors were not listed as the contents of the evaluation of civilized cities in 2020. On the morning of June 1, People's Republic of China (PRC) Li Keqiang, Premier of the State Council of the People's Republic of China said during an inspection tour in Yantai, Shandong Province that the stall economy and the small shop economy are important sources of employment, fireworks on earth, and the vitality of China, just like being "very tall".

2. coupons

Local commercial authorities also actively set up platforms to promote consumption and carry out discount promotion activities such as shopping festivals and e-commerce festivals. In some places, as the reporter mentioned just now, consumer coupons and discount coupons were issued, and thousands of consumption promotion activities were carried out throughout the country during May Day.

According to preliminary statistics, since the outbreak, 28 provinces and cities and more than 70 cities/kloc-0 have co-ordinated local government and social funds, and accumulated consumer vouchers 19 billion yuan. These promotional measures have achieved remarkable results, achieving the purpose of concentrating popularity, enhancing confidence and boosting consumption.

3. May 5th Shopping Festival

As the first large-scale consumption festival in Shanghai, the "May 5 Shopping Festival" has more than 520,000 online merchants, more than 654.38 million+offline merchants, and coupons issued by various platforms and enterprises have exceeded 24 billion yuan, which has obvious leverage effect. After the official launch of the May 5th Shopping Festival, 34 key activities and 260 special events were held successively, during which "China Brand Day" and "Double-product Online Shopping Festival" were held, which effectively promoted the popularity and market recovery.

Extended data:

Stagnant economic development

Hubei province, which is most affected by the epidemic in 2020, is recovering its consumption vitality. Yichang and Daye in Hubei Province are all trying to open night markets to spread the economy. By the end of May 2020, Zhengzhou, Changsha, Xi, Dalian, Qingdao and other cities have proposed to liberalize the street stall economy.

By June 4, 2020, cities such as Jinan, Nanning, Zhengzhou, Nanjing, Chengdu, Hefei, Xiamen, Changchun, Hangzhou, Changsha, Shijiazhuang, Qingdao, Yichang, Huanggang, Deyang, Panzhihua, Guang 'an, Nanchong, Ziyang, Suining and Pengzhou, as well as provinces such as Shanghai, Shaanxi, Liaoning, Jiangxi and Gansu will definitely encourage the development of stalls.

The fifth five-year shopping festival

Baidu encyclopedia-stall economy