The coverage of government guaranteed startup business loans will be expanded and the counter guarantee requirement exempted for high quality projects. This is aimed at alleviating the credit crunch facing small, micro and household businesses. Guidance on rent reduction or exemption of public properties for micro, small and medium-sized enterprises will be worked out without delay.
"We must develop and introduce, as early as possible, support policies for business start-ups and innovation, and boost the market-driven employment of university graduates, rural migrant workers and other key groups of people," Li said.
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2020-09-15
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