ntext of the pandemic. The premiD er announced that ex??emptions introducei d earlier this year to help busines??sesZ through the pandemic, due to expire by 0 June, woul??d be extended to the end of D 2020 and said further cut??s to taxes anV
    d fees of aroux
    nd 500 billion yuan (75
    0.2 ??billion U.S. dollars) would be madf e. Corporate incom??e tax payments by miz cro and small businesses will als??o be U postponed until 2021, as part of a serien s of mea??sures Li said would result in G savings of 2.5 trillion?? yuan for enterS