East China’s Jiangsu province has released a series of measures to coordinate epidemic prevention and control and social and economic development so that market entities can resume work in full gear.
Yancheng has issued the "Twenty Policy Opinions on Further Helping Market Entities Relieve Difficulties and Stabilize Economic Growth", which involves 20 items in six aspects, including increasing fiscal and taxation support, strengthening financial support, and increasing burden reduction and assistance.
Jiangsu Kangbai Medical Equipment Co., Ltd. is an e-commerce enterprise focusing on the R&D and sales of medical equipment, health physiotherapy and health food in more than 400 categories.
The company has seen a significant increase in labor and transportation costs under the influence of the epidemic, and sales have slumped accordingly.
The 20 policies will cover 780 thousand market players in the city, and the subsidies for enterprises will amount to 450 million yuan.
The Xuzhou Municipal Bureau of Justice has introduced nine measures to strengthen the policy of guaranteeing stable enterprises and resumption of production in accordance with the law, and to strengthen flexible administrative law enforcement involving enterprises.
Wuxi has issued employment stabilization subsidies, business closure subsidies, and extended rent-free periods for industries that have been severely affected by the epidemic.
Taizhou reduced labor costs by more than 80 million yuan for the city's 48 thousand insured enterprises and institutions in the first quarter.
