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articular need of support in the co??ntext of the pandemic. The premier announced that ex??emptions introduced earlier this year to help busines??ses through the pandemiX

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c, due to expire by June, woul??d be extended to the end of 2020 and said further cut??s to taxese

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and fees of around 500 billion yuan (70.2 ??billion U.S. dollars) would be made. Corporate incomr

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??e tax payments by micro and small businesses will als??o be postponed until 2021, as part of a 9

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series of mea??sures Li said would result in savings of 2.5 trillion?? yuan for enterprises this b

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year. Loan payments for mi??cro, small and medium businesses will be postponed un??til March and k

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banks will be encouraged to issue new l??oans to such firms. Li also stressed that regulation??s D

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should be tightened to "prevent funds circulating i??n the financial sector for the sake of arbitM


rage." T??rillions in bonds Li announced a consumer price inde??x target of 3.5 percent for 2020 e


and a deficit target?? of 3.6 percent of GDP, up from 2.8 percent last year??, suggesting room toY

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maneuver in the pursuit of stren??gthened economic growth. He said the deficit would i??ncrease q

couraged to "join us in?? opposing 'Taiwh an independence' and promoting China's??k reunification." Business and job suppolrt Li empha??sized the government would 7do its utmost to support e??nterprises, xstressing that micro, small and medium b9
    u??sinesses were in p3