The Shanghai municipal government is now studying new policies to address the problems faced by the city’s many small businesses. Photo: Shutterstock
Shanghai pledges tax cuts, government subsidies for ailing small businesses as city sharpens focus on economic recovery in 2023
- Shanghai Mayor Gong Zheng on Sunday committed more economic sweeteners, such as tax cuts and government subsidies, to help the city’s small businesses
- That support is in line with the metropolis’ goal to achieve a gross domestic product growth rate of 5.5 per cent this year
The Shanghai municipal government is now studying new policies to address the problems faced by the city’s many small businesses. Photo: Shutterstock
