Policies to support SMEs amid outbreak rolled out

The country's top industry regulator, the Ministry of Industry and Information Technology, has unveiled a string of 20 measures to support small and medium-sized enterprises and help them weather temporary difficulties caused by the novel coronavirus epidemic.

The ministry said it has encouraged local governments to roll out their own favorable fiscal policies to support SMEs. Also, more efforts will be made to help SMEs better apply for loans from banks and adopt cutting-edge technologies to advance digital transformation.