Beijing Review

EASING THE BURDEN

During a press conference on March 11, Premier Li Keqiang recalled his conversation with a dozen business people in 2021. They each talked about their individual corporate difficulties and their hopes for more government-led macro policy support. Li presented them with three relief options from which they could select their preferred one.

First, massive investment to help them get orders; second, distribution of consumption vouchers to boost consumer spending; and third, tax and fee reductions.

“They were silent for a moment and then almost unanimously went for the

You’re reading a preview, subscribe to read more.

More from Beijing Review

Beijing Review2 min readFinance & Money Management
Ironing Out the Red Carpet
When international travelers began arriving in China in early 2023 following a three-year COVID-19 hiatus, many may have found that routine daily tasks posed challenges. Because they were more at ease with cash and credit cards and were unfamiliar wi
Beijing Review5 min readWorld
Building Up Synergy
‘The Switzerland-China Free Trade Agreement (FTA) entered into force 10 years ago and it became gradually more important as China reduced its tariffs in accordance with a schedule that—for most tariff lines—extended over 10 years,” said Swiss Ambassa
Beijing Review1 min read
Feathered Festivities
The third week of April marks Beijing’s official Bird-Loving Week. First proposed in 1981, this annual event, which takes place in April or May with exact dates varying across the country, aims to promote bird protection and ecological balance. Popul

Related