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Guiding opinions of the Development and Reform Commission, the State Administration of Market Supervision, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People's Bank of China, the Ministry of Commerce, on strengthening support for individual household businesses in response to the impact of the epidemic.

Country/Territory
China
Document type
Miscellaneous
Date
2020
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Food & nutrition, General
Keyword
Public health International trade Internal trade Transport/storage Registration Fiscal and market measures Cooperative/producer organization Agricultural commodities Agricultural development Aquaculture Food security Processing/handling
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

These Guiding Opinions introduced 12 measures to mitigate the epidemic’s impact on small household business owners. Small household business owners who have employees can also enjoy the policy of reducing and postponing social security contributions that was intended to benefit corporate employees. Besides, if the business owners are unable to make registrations for participating in the social insurance plans, they can register after the end of the epidemic and their insurance benefits will not be affected. Between February and June 2020, all enterprises enrolled in China's Social Security Schemes are exempt from making employer contributions to pension, unemployment, and work-related injury insurance schemes.

Full text
Chinese
Website
www.mofcom.gov.cn