On 5 February, the provincial government of Guangdong unveiled 20 policy measures, across five key areas, to promote the resumption of production in different types of enterprises affected by the coronavirus epidemic. More
On 10 February, the General Office of the Ministry of Commerce issued its Circular on Improving Services for Foreign-Invested Enterprises and Strengthening the Promotion of Foreign Investment to Actively Respond to the Novel Coronavirus Pneumonia. More
China has announced a raft of tax breaks to support efforts in containing the coronavirus outbreak. The policies – which took effect on 1 January 2020 and will remain in force until further notice – cover a number of areas, including enterprise equipment purchase, medical staff overtime and tax deductions for charitable donations. More
China’s Ministry of Commerce has called upon enterprises which are able to resume business to do so because, at this critical time of prevention and control of the coronavirus pneumonia epidemic, demand for daily necessities is steadily growing in big and medium-sized cities due to factors such as the impact of the epidemic and the extension of the public holiday. More
Speaking at the 12 February meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee, Xi Jinping, the General Secretary of the CPC Central Committee stressed that epidemic control measures had entered a critical stage and called for an increased effort to maintain medical supplies and daily necessities, as well as to expedite the resumption of production to the maximum capacity. More
China will broaden the scope of imported supplies exempted from taxes, as specified in the Interim Measures for the Exemption of Customs Duties on Charitable Donations (Announcement No. 102 ). More
On 3 February, Beijing issued Several Measures on Further Supporting the Battle of Prevention and Control of Pneumonia Caused by the Novel Coronavirus, in a bid to alleviate the challenges facing enterprises and promote stability in municipal operations. More
In order to boost financial support for epidemic prevention and control and for the real economy, on 1, February, China announced 30 financial measures to bolster the economy and aid the fight against the novel coronavirus outbreak.