China offers incentives to firms helping battle virus outbreak


The steps include reduction in value-added taxes and nudging banks to offer loans carrying interest rates of less than 1.6% for key enterprises that produce, sell or transport essential medical products and daily necessities. - China Daily/Reuters

BEIJING (Bloomberg): China is stepping up efforts to contain the spread of the new coronavirus with a series of relief measures for companies directly engaged in the fight against the disease that has killed more than 500 people.

The steps include reduction in value-added taxes and nudging banks to offer loans carrying interest rates of less than 1.6% for key enterprises that produce, sell or transport essential medical products and daily necessities, China’s State Council said on its website last night.

Limited time offer:
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RM13.90/month
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RM12.33/month

Billed as RM148.00/year

1 month

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