Govt: 91% of SMEs back in business

| 340 | :   Twitter |   LinkedIn

About 91 percent of China’s small and medium-sized enterprises had resumed operation as of Monday amid theCOVID-19 pandemic, official data shows.

Some 93 percent of SMEs in the manufacturing and construction sectors had resumed, while around 87 percent of SMEs in the hotel and catering sectors restarted, Huang Libin, a spokesperson for the Ministry of Industry and Information Technology, told reporters yesterday.

Govt: 91% of SMEs back in business

More from Government

China has rolled out a series of targeted measures to support SMEs, which were among the hardest hit by the epidemic.

Advertise Here

Policies such as cuts in banks’ reserve requirement ratios as well as special relending and rediscount programs have offered low-cost loans of 2.85 trillion yuan (US$400 billion) to firms, especially micro, small and medium-sized enterprises and individual businesses.

| 467 | :   Twitter |   LinkedIn

Source : Global Times | Photocredit : Google

Follow China Today

Subscribe Now

Enter your email address:

Topics Government
Topic Keywords # # #

Related News

China to further expand opening-up: Premier

China will further expand its opening-up, and hopes to achieve win-win results through two-way and multi-directional opening-up with other countries, Chinese Premier Li Keqiang said here Monday. Li…

Label of ‘diplomacy of coercion’ more suitable for US, not China

Foreign Ministry spokesperson Hua Chunying said Monday that the label of “diplomacy of coercion” is more suitable for the Unite States, not China. The international community know too…

A young couple’s endeavor in boosting rural vitalization

A young Chinese couple came to a small town in E China’s Fujian Province to run a hotel a few years ago. The wife also runs a tourism…

China Today Wiki

Popular News by Topics