22 April 2019

Small businesses continue to face funding problems, report says

Small and micro enterprises in China are still suffering from financing problems although the macroeconomic figures have shown a rebound, National Business Daily cited Xiao Chunquan, spokesman for the Ministry of Industry and Information Technology (MIIT), as saying. Authorities will take specific actions to further implement the government’s incentive policies for small businesses, Xiao said. The actions will include refining the tax policy and reducing the administration fees, among others.

– Contact HKEJ at [email protected]



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