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<ul><li>Chinese cities affected by the recent Covid-19 outbreak — the most serious one since early 2020 — have rolled out policies, such as tax cuts and consumption vouchers, to cushion its impact on local businesses.</li><li>On Tuesday, Shanghai announced a bundle of policies to prop up businesses.</li><li>The measures include tax and fee cuts, rent cuts for small businesses renting state-owned property, and credit support.</li></ul>

Chinese cities affected by the recent Covid-19 outbreak — the most serious one since early 2020 — have rolled out policies, such as tax cuts and consumption vouchers, to cushion its impact on local businesses.On Tuesday, Shanghai announced a bundle of policies to prop up businesses.The measures include tax and fee cuts, rent cuts for small businesses renting state-owned property, and credit support.

China Doles Out Support for Businesses Amid Worst Covid Outbreak Since 2020