Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
China central SOEs to cut rents for small businesses
2020/6/8 15:21:32 Source:Xinhua

BEIJING, June 6 (Xinhua) -- China's central state-owned enterprises (SOEs) have been asked to reduce or waive rents for small businesses in a bid to cut the latter's operating costs and bolster the slowing economy, according to the country's top state-owned asset regulator.

A circular, issued by the State-owned Assets Supervision and Administration Commission of the State Council earlier this week, said that small and micro firms in the services sector and self-employed businesses which have rented premises from central SOEs and encountered financial difficulties, should be exempted from rent for at least three months in the first half of the year.

Central SOEs should not delay the reduction or exemption for qualifying small and self-employed businesses for any reason, said the circular.

The move is part of the country's efforts to support small and micro businesses hurt by the COVID-19 epidemic. China has cut benchmark lending rates, introduced tax breaks and increased lending to them with the aim of stabilizing employment and propping up the virus-hit economy. Enditem

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn