P

How to Use Policies Rolled Out amid COVID-19

Membership and Regis

当前位置:首页 > Membership and Regis > How to Use Policies Rolled Out amid COVID-19
How to Use Policies Rolled Out amid COVID-19
发布时间:2020-04-09 浏览:5

How to Use Policies Rolled Out amid COVID-19

Government measures aimed at bringing China back to normal

By Dezan Shira & Associates
Depositphotos_6241235_s-2019.jpg

To contain the impact of COVID-19, authorities at all levels of government have been rolling out policies aimed at bringing Chinese society and economy back to normal. The various policies include fiscal support for the fight against the coronavirus, measures to ensure resumption of businesses, tax waivers, relaxations in social insurance obligations, subsidies for firms, and financial stimulus.

We have compiled a comprehensive list of policies (see here) issued by China’s central and local governments for your easy reference, so interested parties can easily find the original government policy documents, their English versions, and the explanatory articles published on our website.

To help our readers better understand and leverage these policies, this article provides a holistic look on the policy directions of the Chinese government and explains key incentives of benefit to foreign investors.

We dissect the policies from five aspects – work resumption, tax breaks, social insurance cuts, financial stimulus, and support for special industries and entities.

We advise businesses and individuals to first pay attention to the national polices, such as those released by the State Council and central ministries and then keep a watchful eye on whether the local government departments have released corresponding implementation measures (you may navigate the National Government Service Platform or our comprehensive list).

Work Resumption

For measures on work resumption, companies can focus on four documents:

  • State Council: Guang Fa Ming Dian [2020] No.4 (EN) issued on February 21, 2020.

The document proposed 16 measures in four areas – strengthening staff health testing, ensuring workplace safety, instructing staff in self-protection, and handling abnormal situations. Enterprises can use it as a checklist to ensure that the requirements for work resumption are met.

  • State Council: Guo Ban Fa Ming Dian [2020] No.6 issued on March 3, 2020.

This document announced 10 measures to streamline approval proceedings, lift unreasonable personnel and logistics controls, and optimize services to encourage enterprises to resume work.

  • MOST: Guo Ke Ban Han Qu [2020] No.21 issued on February 28, 2020.

The document issued by the Ministry of Science and Technology (MOST) includes eight measures to support enterprises in the National High-tech Zones to resume operation. Enterprises in the Zones can pay attention to information on the service platform (https://gxq.Chinatorch.org.cn) built by the MOST.

  • MIIT: MIIT Zheng Fa [2020] No.29 issued on February 24, 2020.

The Ministry of Industry and Information Technology (MIIT) puts forward classified guidance on the resumption of production in different risk-level regions, different industries, and different enterprises.