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Ekonomické zprávy
22.11.2021

The Cabinet of Ministers of China announced measures to support small enterprises

Taking into account the rally in commodity prices, the recent outbreaks of COVID-19. and the shortage of electricity, the Chinese Cabinet announced increased financial support for affected small enterprises.

Since the beginning of 2020, the country's authorities have presented many policy measures aimed at supporting small enterprises that play an important role in economic growth and job creation.

The Cabinet of Ministers said that the costs of many companies have increased recently amid higher commodity prices, supply chain problems and power outages.

According to the plans of the Cabinet of Ministers, small companies facing temporary difficulties can count on assistance funds from local authorities.

In addition, the Cabinet of Ministers announced the strengthening of credit support for small companies from the Central Bank by increasing annual preferential quotas.

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