China unveils tax policies to aid epidemic control

Staff members disinfect the cabin of an airplane after its arrival at the Haikou Meilan International Airport in Haikou, south China's Hainan Province, Jan. 31, 2020. (Photo by Pu Xiaoxu/Xinhua)

BEIJING, Feb. 7 (Xinhua) -- China has unveiled a raft of tax policies to reduce financial burdens on some sectors and support the country's fight against the novel coronavirus epidemic.

For firms in the transportation, catering, accommodation and tourism sectors, their losses logged in 2020 can be carried over to an extended maximum period of eight years, the country's finance ministry and taxation watchdog said in a statement.