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The GDP generated by China"s county level administrative regions expanded from 24.1 trillion yuan ($3.57 trillion) in 2011 to 39.2 trillion yuan in 2020, or 1.6 times, CCID Consulting said in its latest Research Report on Competitiveness of China's Top 100 Counties in 2022 on Wednesday. As per the report, the county level administrative regions maintained their proportion of over 38 percent of the country's total GDP from 2011 to 2020. Counties with a GDP above 100 billion yuan increased from five to 43 during the same period. The number of enterprises above the designated size in these regions rose
Cities in Jiangsu province have begun issuing coupons to boost consumption curbed by COVID-19 flare-ups. Zhenjiang has worked with many of its companies to issue coupons worth 60 million yuan ($9 million) since Sunday. The government itself gave out coupons worth 5 million yuan on Sunday at the opening ceremony of the 2022 Zhenjiang Gold Mountain Consumer Festival, which will run to September. Yu Jun, deputy director of the city"s commerce bureau, said the distribution of coupons will encourage consumption of about 120 million yuan. "Eight consumer-themed special activities to spur consumption will be held in the city," said Yu.