At the State Council's weekly executive meeting on April 14, Chinese Premier Li Keqiang said“The support measures we have rolled out since the start of this year are adequate and robust and what is crucial is to ensure their full delivery.” The meeting also promised to: Boost employment for college graduates; renovate 39,000 urban residential areas; and extend preferential tax policies for companies in western China.

The measures announced earlier are:

Value-added tax (VAT) relief for small and micro-sized enterprises

An increase in export tax rebates rate for selected products

An extension of the loss carry-forward period for transportation and hospitality companies

A reduction in social insurance contributions for employers

A deferral of payments to the housing provident fund for employers

Abolition of tolls on roads and expressways

Reduced electricity and gas rates for companies

The government expects that these measures will save companies a total of RMB 1.6 trillion.