China is offering a comprehensive package of tax and fiscal measures to help domestic businesses hurt by the coronavirus outbreak.
The transportation sector will be a key beneficiary from measures like temporary value-added tax breaks and loss carry-over extensions. Agriculture and retail companies will also benefit in some provinces.
“China’s economy will continue to show strong resilience,” Pan Gongsheng, deputy governor of the People’s Bank of China said Friday at a briefing in Beijing. “The Chinese government has ample policy space to stabilize economic growth.”
The coronavirus has infected thousands of people and killed more than 600 hundred. The ...
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