Concerted efforts from multiple authorities in supporting value-added tax (VAT) credit refunds to businesses will play a critical role for the country's smaller businesses facing strong headwinds, and are expected to tide them through challenging times, officials and experts said.
The Chinese economy is expected to maintain its resilience and may rebound in the coming months with stronger policy support and better epidemic containment, bucking the negative impact of a tightening in U.S. monetary policy, analysts said on May5.
China will provide greater support for micro, small and medium-sized enterprises (MSMEs) and self-employed households, to promote employment stability by keeping the operations of market entities stable, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on May 5.
China will make efforts to sustain the smooth operation of small and medium-sized civil airports, an integral part of public infrastructure, according to the civil aviation authorities.
Heads of international organizations as well as people of different sectors across the globe have expressed their support for China’s efforts in fighting the deadly virus.