China allocates 9 billion yuan for innovation, entrepreneurship of SMEs

From 2018 to 2022, China's central government allocated 9 billion yuan for helping small and medium-sized enterprises (SMEs) to upgrade their innovation and entrepreneurship capacities, said Vice Minister of Finance Yu Weiping during a press conference Tuesday.

February 23, 2022

China to step up tax, fee cuts to support market entities

China will intensify tax and fee cuts with targeted measures in 2022 to bring benefits for market entities and bolster economic growth, according to the Finance Ministry on Tuesday.

February 23, 2022

China to roll out supportive measures for SMEs

China will roll out targeted measures to help small and medium-sized enterprises (SMEs) tide over difficulties, a senior official with the Ministry of Finance said Tuesday.

February 23, 2022

China cuts taxes, fees by 8.6 trillion yuan in 6 years

China reduced a record 8.6 trillion yuan in taxes and fees since 2016, said Vice Minister of Finance Xu Hongcai during a press conference Tuesday.

February 22, 2022