(ATF) The Chinese government has taken measures to reduce taxes and interest fees for major enterprises, while increasing loans and easing the financial pressure for small and medium-sized micro-enterprises.
In March, five departments, including the Bank of China Insurance Regulatory Commission, jointly introduced measures to allow small and medium-sized micro-enterprises that cannot repay loans on time due to the coronavirus epidemic to apply for deferred repayment.
Almost one trillion yuan ($141 billion) in loans enjoy this policy, according to the official website of CCTV.
