March 20, 2020 / 9:39 AM / 20 days ago

China to speed up tax and fee cuts for firms to support jobs

BEIJING, March 20 (Reuters) - China will speed up phased, targeted tax and fee cuts for firms to support employment amid the coronavirus outbreak, the cabinet said on Friday. The government will return more unemployment insurance premiums to job-saving firms and subsidise small firms to hire college graduates with employment contracts longer than a year, the cabinet said in a statement. (Reporting by Lusha Zhang, Roxanne Liu and Kevin Yao; Editing by Kevin Liffey)

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