Chinese Entrepreneurs Get Tax Relief
Chinese President Xi Jinping plans to provide tax breaks to private companies and entrepreneurs in his country. Relaxation in order to stimulate the business world of China which began to slow due to trade wars with the United States.
The trade war began to have an impact on the economic slowdown. Business people in China began to complain about the condition.
Finally on November, Xi Jinping gathered businessmen to providing motivation, he promises friendlier taxation and easier access to finance.
“All private companies and private entrepreneurs must feel truly confident and devote themselves to developing,” Xi Jinping said.
Chinese entrepreneurs are currently facing funding difficulties. Banks began to limit lending in order to control debt.
Beyond that, private companies are also starting to worry about the current political conditions. Not to mention the Chinese economy began to slow down as an impact of the trade war with the United States.
Hülya Karahan: The Founder
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