China's Hubei to cut costs for small firms to ease coronavirus burden

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China's Hubei province, the epicenter of a coronavirus outbreak, will offer...

Community volunteers deliver donated vegetables to elderly residents at Furen community on the Lantern Festival, which marks the end of the Chinese Lunar New Year celebrations, following an outbreak of the novel coronavirus in Wuhan, Hubei province, China February 8, 2020. Picture taken February 8, 2020. cnsphoto via REUTERS

BEIJING/SHANGHAI - China’s Hubei province, the epicenter of a coronavirus outbreak, will offer subsidies and cut costs for small and medium-sized firms to help them cope with the impact of the epidemic, the local government said on Sunday. It said it would pay 30% of electricity costs for small and medium-sized firms involved in medical supplies, and cut the prices of water and natural gas for other smaller enterprises.

It will also move to cut rent, environmental inspection fees and financing costs for small and medium-sized firms and grant tax exemptions if they have been hit hard by the coronavirus.

 

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By May, the Olympics might postpone if the nCoV is still roaming around. Athletes can't wear masks to compete. The chinese top body builder was succumbed into the illness in Wuhan last week.

Maybe they should consider closing the brutal animal 'markets' where the virus came from.

Do not force the ground and say you are the strongest. God is the greatest and is the strongest

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