China’s Premier Li Keqiang has urged local governments to swiftly allocate central government support to small businesses and households. Photo: Xinhua
China’s Premier Li Keqiang has urged local governments to swiftly allocate central government support to small businesses and households. Photo: Xinhua

Coronavirus: China’s State Council urges local authorities to speed up fiscal support for small firms

  • The State Council has urged local authorities to swiftly allocate central government support to help businesses and households recover from the coronavirus pandemic
  • China has budgeted about 2 trillion yuan (US$288.2 billion) to cushion the impact of the virus in the first eight months of the year, including 300 billion yuan in tax and fee cuts

China’s Premier Li Keqiang has urged local governments to swiftly allocate central government support to small businesses and households. Photo: Xinhua
China’s Premier Li Keqiang has urged local governments to swiftly allocate central government support to small businesses and households. Photo: Xinhua
READ FULL ARTICLE