Xinjiang to cut insurance costs worth 6.73 bln yuan for 100,000 companies

27.03.2020

Northwest China's Xinjiang Uygur autonomous region will exempt or reduce insurance premiums worth 6.73 billion yuan (around $946.6 million) for nearly 100,000 companies amid the novel coronavirus epidemic, local authorities said.

Medium-sized, small and micro enterprises, as well as the private businesses, do not have to pay the basic pension, unemployment...