China
2021.06.28 18:02 GMT+8

From Coupons to E-commerce | CPC in 100 Years

Updated 2021.06.28 20:02 GMT+8
CGTN

The "food ration coupons," known as "liangpiao" in Chinese, were issued by the government in the 1950s when food and consumer goods were scarce. In addition to food coupons, there were also coupons for soap, matches and bicycles. Liangpiao was required for purchasing almost all products, and its importance was equivalent to that of a currency.

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