Individual businesses get fresh city help
THIRTY-FOUR measures, covering tax reduction, financial support and improving the business environment, were jointly released by Shanghai’s market regulators and 19 government departments yesterday to support the city’s 500,000-plus individual businesses and help them get through the negative impact of the COVID-19 pandemic.
These measures involve housing rent exemption and reduction, employment subsidies, financial credit support, and preferential policies on tax and business registration, the Shanghai Administration for Market Regulation announced.
The authorities will also enhance efforts in the supervision and management of online trading platforms, cracking down on pricing irregularities, cutting red tape and streamlining business registration, regulating the market environment and protecting the legitimate rights and interests of individual businesses.
“These combined measures are expected to cut manufacturing and operation costs of individual businesses, tackle their financing channel woes, and create a market environment of fair competition,” said Chen Yanfeng, deputy director of the administration.
“Individual businesses are an important force in the city’s economic development, and the 507,700-odd individual businesses in the city are facing unprecedented difficulties due to COVID-19 resurgence.
“It is urgent and important to help this group, which accounts for 15.7 percent of the city’s total market entities, recover confidence and stabilize operation.”
At the Dapuqiao Subdistrict Community Service Center in Huangpu District, Yuan Minchun, 68, was polishing keys. Behind him, hanging on the wall was a new business license for individual businesses.
“In the past, I didn’t have a fixed business venue and was deemed as an illegal individual operator. But now, I have registered with a venue here in the community service center,” Yuan, a locksmith by profession, said proudly.
Many individual businesses lost their operation venues to urban construction, and were unable to afford the rental cost of new workplaces, hindering them from getting a business license, officials said.
The center has spared a nearly 400square-meter venue to help more than 20 individual businesses to settle in.
sampling inspection, as well as verifying the record certificates of the consignees and consignors. Those to be tested and tasted in small amounts will be assessed based on the food safety risk. The samples can be taken for inspection before the exhibition. Those for trial sale in small quantities do not need to have a Chinese label.
Temporarily imported goods
After the CIIE, temporarily imported exhibits (except those imported under the ATA Carnet) will be transported into an area under special customs supervision or a bonded site.
Imported exhibits on the list of cross-border ecommerce retail imports can be put on sale in the cross-border bonded e-commercial retail model.
Artworks, relics and antiquities will be given preferential policies to extend its exhibition in China for sale after the CIIE.