The government of Liangjiang New Area has rolled out 10 targeted policy measures to boost consumption, according to local news reports on Dec 21.

According to the new area's modern service bureau, these policy measures focus on new energy vehicles (NEVs), furniture, housing and other daily necessities.

For example, the first 10,000 buyers of NEVs (since the policy measures took effect) will receive a 2,000-yuan ($286.8) subsidy for each car, as well as vouchers worth 500 yuan.

The first 2,500 homebuyers will be granted furniture coupons worth 2,000 yuan, while vouchers targeting barbershops, beauty shops and other kinds of stores will also be issued.

The government encourages local business operators to bring in more domestic and overseas brands, while nighttime economy demonstration projects and smart convenience stores will also get a fund worth 10 percent of their investments.

Wholesale businesses with annual sales revenue of 10 billion yuan or more and with a revenue growth rate of at least 20 percent, as well as retail businesses with sales revenue of 1 billion yuan or more and with a revenue growth rate of at least 40 percent, will get a one-time reward of 500,000 yuan.