Small businesses drive China’s economy. The coronavirus outbreak could be fatal for many

CNN | Feb 14, 2020 at 12:08 PM
  • Hong Kong (CNN Business)The small companies that drive China’s economy are worried about how much damage the novel coronavirus outbreak will cause.
  • The central bank also set up a 300 billion yuan ($43 billion) special fund to provide cheap loans to key companies in epidemic prevention.
  • Local governments in Beijing, Shanghai and several provinces have also rolled out targeted measures to help small businesses, including offering subsidies to landlords so they can reduce rents, and allowing small companies to delay the payment of social security contributions or taxes.