State Council Further Shores Up Support for Small Firms

At the executive meeting held on 5 May, the State Council discussed further relief measures for micro, small and medium-sized enterprises and individually-owned businesses, such as tax rebates/reductions and fee cuts, the deferred payment of social insurance premiums, smooth logistics and aid for businesses to resume full-capacity operations. In the meantime, financial support will be stepped up and assistance will be given to foreign trade firms in responding to challenges.