China's Banquet Boost: Can Spending Save the Economy?

China's Eat Out to Help Out? A city famous for cooking wine is offering big money for banquets to revive its economy! Shaoxing is giving away thousands to those who spend big on large restaurant gatherings, plus cash for visiting students. Is this enough to boost consumer confidence amid a slow job market and property woes, or is it a double-edged sword after years of anti-extravagance campaigns? Hosted on Acast. See acast.com/privacy for more information.