There will continue to be “targeted and phased”
measures in cutting taxes and expenses to help companies, Finance
Minister Liu Kun wrote in the Communist Party’s flagship magazine.
Policies include reducing or exempting value-added
taxes for firms providing essential goods or logistics, and more funds
for provincial authorities.
However, while the outbreak is putting pressure on
price stability, PBOC Deputy Governor Fan Yifei said it will not lead
to large-scale inflationary pressures and the central bank’s monetary
stance remains unchanged.
https://seekingalpha.com/news/3542434-coronavirus-prompts-stimulus-in-china
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