Beijing has issued an action plan to gear up business operations and consumption as the epidemic eases in the city.
The city Municipal Government will upgrade its “white list” of key enterprises in line with different classifications and dynamic management. It aims to facilitate the logistics and transportation services for the enterprises that have resumed production.
Tenants in state-owned houses have already been informed of applications for a rent reduction. For lessees who are science and technology incubators in non-state-owned houses, authorities will subsidize 50 percent of the rent which they reduce or exempt for micro, small, and medium-sized enterprises and individual businesses.
As reported in the national media, Beijing will also promote the recovery of catering, culture, sports, and entertainment businesses, cooperating with food delivery platform companies to give out vouchers and offer subsidies to help mitigate the impact of the city-wide dine-in service suspension.
In terms of bulk consumption, the city will halve the vehicle purchase tax for passenger cars with a VAT-exclusive price of no more than 300,000 yuan (about 45,000 U.S. dollars) and an engine of 2.0 liters or less that are purchased between June 1 and Dec. 31 this year.
The plan also said by the end of 2022, those trading in a new energy vehicle in Beijing will receive a subsidy of up to 10,000 yuan.
