SASAC to Reduce Rent for Small and Micro Businesses and Self-employed Entrepreneurs

China’s centrally-administered state-owned enterprises are required to reduce or exempt six months of rent for small and micro businesses and self-employed entrepreneurs that rent their houses in any county marked as a high-risk area in epidemic prevention and control, according to a circular released recently by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. In other areas, three months of rent will be waived.