Asian markets celebrate the news that China to end Shanghai blockade on Wednesday.
Beijing, however, continues with the restrictionsdespite the number of coronavirus cases falling and officials signaling over the weekend that they are willing to ease restrictions in some parts of the capital.
The capital, Beijing eased mobility restrictions in several districts after authorities said her outbreak was under control. The city reported 21 new cases on Sunday, declining for the seventh day in a row.
Over the weekend, the municipal government of Shanghai published a plan to revitalize an economy hit by lockdowns due to covid.
main measures
Delay in the collection of security fees social for companies in food services, retail, tourism, civil aviation, land, water and rail transport.
Delay of the deadline for filing taxes for people and companies that meet the requirements.
6 month rent reduction for small businesses renting in state-owned real estate.
30% subsidy for privately owned properties that reduce rent to tenants.
Exemption from property and land taxes during the second quarterfor companies that meet the requirements.
Subsidy of 600 euros/head for the most affected companies that have not laid off workers.
Subsidy of 2,000 euros/head for companies that hire students who graduate in 2022 or who have been unemployed for 3 months or more.
Source: Fx Street
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