中國經濟

Chinese business pleads for more help from Beijing

Wang Erping is counting on a new round of government stimulus to keep his barbecue restaurant in central Beijing afloat in the wake of the coronavirus pandemic.

The existing virus relief subsidies, including a five-month exemption on social security payments and a three-month extension of loan repayments, were not enough to lift Mr Wang out of trouble as sales fell to less than a third of their pre-outbreak level.

“There is no way I can handle the crisis on my own,” said Mr Wang, who is hoping for a deeper tax cut and long-term debt relief. “The government must act more aggressively to stop the economy from sliding.”

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