Xinhua: “The State Council, or China’s Cabinet, announced on Thursday a slew of measures to enhance the fiscal, financial and taxation support for small and micro-sized enterprises in a bid to ensure their sound development.
China’s small and micro-sized firms are facing increasing operational pressures and rising production costs amid a complicated and uncertain economic situation, and financing difficulties and heavy taxation are adding more pains. Therefore, the State Council issued a document to boost the healthy development of small and micro-sized firms as they play an irreplaceable role in creating jobs and promoting the real economy. The document, including 29 measures in eight aspects, required local authorities to enhance fiscal and tax support for the small and micro-sized firms, relieve their financing difficulties and create a favorable environment for their development.”
via China pledges more support for small, micro-sized firms – Xinhua | English.news.cn.
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