Wednesday, 19 May 2021 03:36 GMT

China vows essential backing for financial revival

( MENAFN )The country's top financial schemer vowed on Monday, April 19, that China will keep essential support for financial revival and apply targeted structural tax cuts and other measures to merge its expansion momentum.

Meng Wei, spokesperson for the National Development and Reform Commission, stated at a press meeting on Monday, April 19, that strategies planned at stabilizing employment and safeguarding market entities will not be trimmed, while measures to sustain small and micro-enterprises will be fully applied.

The schemer pledged to continue stepping up fiscal services for market entities, reinforce the market rule of raw materials, and alleviate corporate cost pressures.

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