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China MOF Pledges More Cuts in Taxes, Fees Amid Outbreak

March 3, 2020, 8:28 AM

China will further reduce taxes and fees to deal with the coronavirus situation and support the economy, Wang Jianfan, head of tax administration department at finance ministry, says at briefing in Beijing.

  • Spending on epidemic control is sufficient and the impact on the fiscal balance is controllable, Fu Jinling, head of social security department at finance ministry, says at briefing
  • China has allocated 108.8b yuan to fight outbreak as of March 2, Fu says

To contact Bloomberg News staff for this story:
Lulu Shen in Shanghai at lshen37@bloomberg.net

To contact the editors responsible for this story:
Charlie Zhu at qzhu46@bloomberg.net ...