Core Points - The Chinese government is implementing fiscal and tax policy support to aid the resumption of work and production, particularly for small and micro enterprises facing financial difficulties [5][6] Group 1: Tax and Social Insurance Relief - The government is reducing the financial burden on enterprises by implementing tax reductions and social insurance fee exemptions, which are expected to alleviate the burden by over 5.1 billion yuan in 2020 [5] - Additionally, the reduction of the enterprise pension insurance contribution rate from 20% to 16% will contribute to a total relief of over 1 trillion yuan in social insurance fees for the year [5] Group 2: Government Support Measures - The government is relaxing the standards for unemployment insurance and increasing the intensity of unemployment insurance subsidies for small and micro enterprises during the pandemic [6] - There is also an emphasis on providing vocational training subsidies, including online training, to support enterprises during their recovery phase [6] Group 3: Financing Cost Reduction - The government is increasing the scale of interest subsidies and providing financial support for special loans to key enterprises, ensuring that the actual financing cost does not exceed 1.6% [6] - Current data indicates that the actual financing costs for enterprises are even lower than this threshold [6]