Small firms boosted to overcome temporary epidemic pains

BEIJING (Xinhua) – While racing to control the outbreak of the novel coronavirus, China is moving fast to help vulnerable sectors and impacted small firms pull through.

Supportive policies for enterprises and employment should be well implemented while enhanced efforts will be made to keep major sectors of the economy stable, the Standing Committee of the Political Bureau of the Communist Party of China Central Committee stressed in a meeting on Monday.

Credit support for the manufacturing sector, small and micro enterprises as well as private firms will be boosted, the People’s Bank of China said Saturday in a circular released with other departments.

Deputy Chief of China’s top economic planner Lian Weiliang said on Monday that more targetted policies would be rolled out to soften the epidemic’s impact on firms.