摘要
China is in the throes of restructuring its economy, and helping small and micro-sized enterprises stay afloat will be key By Lan Xinzhen
China is in the throes of restructuring its economy,and helping small and micro-sized enterprises stay afloat will be key At a time when economic growth is sluggish,the Chinese Government has strengthened support for small and micro-sized enterprises.The State Council announced that value-added and turnover taxes for small businesses with monthly sales of less than 20,000 yuan($3,262) would be suspended as of August 1. The National Development and Reform Commission(NDRC) issued a statement on its website on July 26 saying that financing services for small and micro-sized enterprises would be strengthened.On the same day,the People’s Bank of China(PBC),the country’s central bank, announced that it would push the country’s banks to increase credit to small and microsized enterprises.Traditionally,these
