Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37663
TradersCom
Keymaster

Over the weekend China’s largest city Shanghai revealed a 50-point plan to help revive the city’s economy

Includes measures such as:

Delaying collection of social insurance fees for food service, retail, tourism, civil aviation, land, water and rail transportation businesses
Delaying tax filing deadline for qualified individuals and companies
6-month rent reduction for small businesses that rent from state-owned properties
30% subsidy for private-owned properties that reduce rent for tenants. /3
Property and land tax waivers for Q2,3 for qualified businesses
600/head subsidy for hardest-hit businesses that didn’t lay off workers
2000/head subsidy for companies that employ graduating students in 2022 or those who’ve been unemployed for 3 months or longer