Shanghai has announced the release of consumption vouchers worth US$132M in order to boost tourism which has been impacted by the global economic slowdown.

A total of 310,000 vouchers will be distributed via tourist consultation centres and banks to residents of Shanghai and the neighbouring provinces of Jiangsu and Zhejiang for usage at scenic spots, restaurants, hotels and travel agencies within Pudong District in Shanghai.

The vouchers, which can offer up to 40% discount, are expected to boost as much as US$734 million in local consumption. 

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