Guangzhou Sets Up Special Fund for Promoting Development of Commerce

Guangzhou’s administrative measures for a special fund for promoting high-quality development of commerce, which took effect on 18 February, will remain in force for five years. The city’s Municipal Commerce Bureau has earmarked a total of RMB2.25 billion, or RMB450 million annually, to support businesses in addressing the impact of the pandemic and boosting market vitality over the next five years.