China’s cabinet has issued guidelines to develop consumer services, including increasing financial support for small firms providing catering, housing, childcare, healthcare and services for the elderly.
In a notice on its website, the Council of State, or Cabinet, said the government would use monetary policy tools such as relief and redistribution facilities.
The statement comes as China has stepped up efforts to meet the needs of a broad spectrum of people in society under President Xi Jinping’s banner of “common prosperity”, including bridging the gap in social welfare between rural and urban areas. The focus is on doing.
In its statement, the State Council said that on the financial side, local governments are also being urged to comply with related tax incentives, and include public services infrastructure projects, with good yields, in those projects. which are funded by the local government. Bond.
Local authorities are being asked to set up an emergency mechanism in the event of a major disease outbreak, disaster or accident and take necessary measures to help consumer service firms, including rent cuts, subsidies and financial assistance.
The state council said that to deal with the shortage of services, professionals in the care of the elderly, nursing and housekeeping sectors, the government would allow qualified employees to obtain higher education degrees.
By 2025, the number of college graduates in nursing, rehabilitation, housekeeping and child care majors will increase to 100,000 by 2020.
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