Employees work at the Molarray Biotechnology Co. at Suzhou Industrial Park in Suzhou, east China's Jiangsu Province, Feb. 7, 2020. (Xinhua)
The government of Suzhou, one of the manufacturing hubs in the country, rolled out various policies in early February including financial support and tax cuts to aid companies affected by the epidemic.
For many small and medium-sized enterprises, rent during the epidemic is definitely a burden. Fortunately, nearly 20 provincial-level regions across China have announced policies to cut or exempt rent.
In Shandong Province, the local government set up a special emergency unit and opened a round-the-clock hotline to answer requests from businesses and resolve their difficulties during the resumption of work.
The State Grid Sichuan Electric Power Company has also introduced a series of measures to support local enterprises, including cutting electricity costs.
China has stepped up targeted financing support for epidemic-stricken small and micro-enterprises. Banks have offered more credit loans to such firms, especially those in sectors hit hardest by the epidemic and in Hubei Province.
(Qin Huajiang from Jiangsu, Yuan Junbao from Shandong, Yang Di and Li Qianwei from Sichuan contributed to the story)
(Video reporters: Li Bo, Zhu Xiao, Li Xiaobo, Yuan Junbao; Video editor: Peng Ying)■
