Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Chinese authorities
Economy

The Chinese authorities have introduced a number of measures to support the economy

28.12.2020
2 min read

How do the Chinese authorities plan to restore production and trade

The coronavirus outbreak has hit the country’s economy. In order to defeat the epidemic, a number of tough measures had to be taken – to close down cities, reduce production processes, limit exports and imports. As a result, the disease was neutralized, but now we have to deal with the consequences. The Chinese authorities have announced the introduction of a number of measures aimed at stabilizing and restoring the economy.
The project was developed for a long time by the tax service and commission, which regulates banking activities. It includes comprehensive steps to minimize the impact of the pandemic and strengthen local markets. The document recommends creditors to provide financial assistance to small companies that have a good tax payment rating. First of all, it concerns the reduction of loan payments, so that the enterprises could restore their full activity as soon as possible.
These measures include the introduction of special lending programs from banks, expansion of opportunities for processing loans, increasing their maturity, as well as postponement of payments.
In addition, various options are being prepared to develop innovative solutions for small businesses so that they can increase market share and improve their products.
In this environment, it is also important to stabilize trade processes. Special attention is paid to innovative solutions in electronic commerce. Experts are already working on the creation of pilot zones to support export processes and to make them online where possible. A total of 46 such areas are promised to be set up, where cross-border electronic commerce will be carried out. Export goods will not be subject to value-added and consumption taxes here. In addition, the Chinese government provides support to companies that are building new warehouses in other countries or are sharing existing facilities.

Chinese authorities

China’s strategic plan also includes the provision of employment. The Ministry of Human Resources has organized a programme to provide employment for Chinese graduates this year. To that end, some 10 million jobs have been created.
At the end of March, the Chinese Government sent about $132.3 million in insurance premiums to 2.3 million unemployed people. Benefits were also provided for migrants who were unemployed but had a temporary residence permit.
This is only part of the measures that have been introduced by the Chinese authorities to deal with the effects of the coronavirus. Officials hope that the strategy adopted will help to restore production and establish most of the processes that existed before the pandemic in the shortest possible time. It is worth noting that the measures have already started to yield positive results, the country’s economy is gradually recovering, and there is a good dynamics of resumption of import and export processes.

Tags: Global Economy
0
Previous Post As a legendary trader, Ross Perot came to success Next Post Placement of federal loan bonds: how the budget is filled with government paper

You Might Also Like

Russian wheat
Economy
Russian wheat could become one of the main export products
12.01.2021
Economies of the Baltic States
Economy
Economies of the Baltic States: main factors affecting their development
01.05.2020
China
Economy
China’s GDP growth in 2020 is the lowest in 45 years
24.10.2021
chinese-flag
Economy
By 2028, China plans to win the economic competition
04.10.2021
BRICS forum
Economy
How was the BRICS forum in the capital of Brazil?
19.09.2020
Collapse of the Russian economy
Economy
The collapse of the Russian economy: consequences of the coronavirus pandemic
06.02.2021

Recent Posts

  • 1How IT is used in banks
    How IT in banks helps transform the sector
    24.05.2022
  • 2Development of the financial sector-1
    Development of the financial sector in terms of DeFi potential
    23.05.2022
  • 3export volumes
    India’s export volumes rise to record levels
    22.05.2022
  • 4Ma Huaten
    Who is Ma Huateng: a professional history
    21.05.2022
  • 5Lenovo Group
    Lenovo Group: the history of the famous electronics brand
    20.05.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Financial expert Chaslau Koniukh: the stock market has a bullish trend 

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

guidelines for cryptocurrency exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
How IT is used in banks
How IT in banks helps transform the sector
24.05.2022
Development of the financial sector-1
Development of the financial sector in terms of DeFi potential
23.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Financial expert Chaslau Koniukh: the stock market has a bullish trend 
  • Best stock exchanges in the world: India’s oldest stock exchange
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics