Shanghai Introduces Trade-Related Measures to Aid Companies During Coronavirus Outbreak

Shanghai recently introduced nearly 30 policy measures to support trade and companies as the country battles the coronavirus outbreak, according to a Feb. 27 report from the Hong Kong Trade Development Council. The measures, which will remain in effect until three months after the outbreak ends, will provide manufacturers with a lump sum pre-tax deduction for certain equipment purchases and provide “preferential loans” to companies that produce, transport and sell infection prevention supplies, the report said. In addition, suppliers and other companies that deal in prevention supplies will be “given support” to increase production and imports, the HKTDC said.