China unveils tax policies, financial support to aid epidemic control

China has unveiled a raft of tax policies and financial support to reduce financial burdens on some sectors and support the country's fight against the novel coronavirus epidemic.

As of February 6, a total of 66.74 billion yuan (9.56 billion U.S. dollars) in funds for epidemic prevention and control were arranged by different levels of finance institutions, with actual expenditure of 28.48 billion yuan (four billion U.S. dollars), China's Vice Finance Minister Yu Weiping said at a press conference on Friday.

Among the expenditure, the central government allocated a total of 17.09 billion yuan (2.45 billion U.S. dollars), includes 5.7 billion yuan in special subsidies for epidemic prevention and control, 1.8 billion yuan in subsidies to Hubei Province, the epidemic center. 

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China unveils tax policies, financial support to aid epidemic control