Guangdong Introduces 131 Measures to Aid Economic Stabilisation

In order to implement the policy of economic stabilisation recently announced by the State Council, the Guangdong government issued a notice on May 31 introducing 131 implementation measures. These include 26 fiscal measures, including the return of tax credits to enterprises, as well as subsidies for small and micro enterprises. Another 25 measures are aimed at stimulating investment in infrastructure and other areas, as well as consumption of goods such as automobiles and home appliances.