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Advocacy Newsletter - Special Issue COVID-19

By Grupo Peñaflor | Article      13.02.2020     Tags:

Aside from the unfortunate and at times tragic impact on China citizens and residents, the outbreak of the novel coronavirus (COVID-19) has created a series of hurdles on the operations of businesses at large. Small and medium-sized enterprises (SMEs), as more vulnerable businesses with less resources, have been hit the hardest by this situation.

 

The Chinese goverment is currently taking measures at the national and local level to alleviate the burden of businesses in general and SMEs in particular. These include policies such as cities like Beijing,Shanghai and Suzhou implementing social security premium delays, rent and tax reductions and exemptions, as well as other local measures such as providing subsidies for rent, daily maintenance costs and product research and development to qualified SMEs or suspending some administrative charges. 

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