Large parts of Shanghai have been locked down, closing shops and keeping most people confined to their homes. Photo: AP
Explainer |
How is China helping its smallest businesses survive Omicron coronavirus lockdowns?
- Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions, rather than cash handouts
- Some Omicron-hit regions such as Shanghai and Tianjin are also implementing local support measures, but analysts still expect a big hit to consumption
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Large parts of Shanghai have been locked down, closing shops and keeping most people confined to their homes. Photo: AP
