Backing Business
China Africa (English)|July 2020
Government work report pledges to ramp up support for Chinese SMEs and micro enterprises
Ge Lijun
Backing Business

When the outbreak of the corona-virus caused the city of Wuhan to go into lockdown in January, Fang Yan quickly realized that the situation was more serious than many people had thought. As a principal partner of the Beijing law firm JT&N, Fang did some research and found that small and medium-sized enterprises (SMEs) as well as micro enterprises were going to face unprecedented hardship during the coming epidemic.

Her research showed that the main challenges ahead were linked to loans, access to finance, taxes, fees, and high production costs.

According to Tianyancha, a Chinese big data company, the number of SMEs and micro enterprises in China currently stands at more than 80 million, which accounts for about 70 percent of the total number of companies in the country. They provide more than 80 percent of the jobs nationwide, mainly in the wholesale and retail trade, accommodation, food services and manufacturing, according to Yi Gang, Governor of the People’s Bank of China, the country’s central bank.

In this critical time, the Report on the Work of the Government, presented by Chinese Premier Li Keqiang at the Third Session of the 13th National People’s Congress (NPC) on May 22, continued to broaden and extend support for SMEs and micro enterprises.

Sustainable support

On February 13, as a Deputy to the NPC, China’s parliament, Fang submitted a proposal to alleviate the challenges faced by SMEs and micro enterprises during and after the epidemic period.

“I have read the report by the premier and I believe that my proposal was adopted, including the tax reduction. I also put forward a proposal to grant another six months of preferential delay after the pandemic,” she told ChinAfrica.

Diese Geschichte stammt aus der July 2020-Ausgabe von China Africa (English).

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der July 2020-Ausgabe von China Africa (English).

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS CHINA AFRICA (ENGLISH)Alle anzeigen
Preserving a Source of Life
China Africa (English)

Preserving a Source of Life

Zambia takes measures to protect water resources and ensure ecological progress

time-read
5 Minuten  |
March 2021
Should We Stop The Trend of ‘Feminization'?
China Africa (English)

Should We Stop The Trend of ‘Feminization'?

In traditional Chinese thinking, women are supposed to be gentle and soft and men masculine. In recent years, however, the popularity of young male film and TV stars who appear to be “feminine” in their dressing, hair style and even mindset and their impact on the youth has led some to believe that the Chinese boys are not “masculine” enough.

time-read
4 Minuten  |
March 2021
Green Renaissance
China Africa (English)

Green Renaissance

China adopts comprehensive measures to protect Yangtze River environment

time-read
7 Minuten  |
March 2021
Building an Immune Barrier
China Africa (English)

Building an Immune Barrier

Chinese vaccines help the global fight against COVID-19 pandemic

time-read
5 Minuten  |
March 2021
A Promising Change
China Africa (English)

A Promising Change

As first female and African head of the WTO, Ngozi Okonjo-Iweala is enjoined to advance the prospects of common development

time-read
4 Minuten  |
March 2021
Service Before Celebration
China Africa (English)

Service Before Celebration

A doctor’s contribution to normalization of life

time-read
3 Minuten  |
March 2021
Delivering Happiness
China Africa (English)

Delivering Happiness

Deliveryman continues to work during the holiday to meet the needs of customers

time-read
3 Minuten  |
March 2021
Skiing Upsurge
China Africa (English)

Skiing Upsurge

Olympic winter games spur growth of snow economy in Beijing suburbs

time-read
4 Minuten  |
March 2021
An Unbreakable Bond
China Africa (English)

An Unbreakable Bond

Chargé d’affaires ad interim of the Chinese Embassy in Nigeria talks about bilateral ties

time-read
5 Minuten  |
March 2021
A Different Celebration
China Africa (English)

A Different Celebration

Chinese people respond to the call to spend the Spring Festival holiday in situ

time-read
4 Minuten  |
March 2021