Xifeng county issues raft of measures to stimulate business

Xifeng county in Southwest China's Guizhou province has adopted a raft of measures to stimulate businesses there, according to local officials.

They said the county is providing convenient and efficient online services for business applications and online registration process, to make it easier for them to enter the marketplace.

The procedures can now be completed within one working day for individual businesses, whose submitted information meets the standard requirements.

Officials said that so far this year, 851 new businesses have been added in Xifeng county.

Meanwhile, Xifeng has provided entrepreneurial subsidies, rent subsidies and entrepreneurial guarantee loans to eligible individual businesses, to help merchants reduce the impact of the COVID-19 outbreak.

So far, the county has granted self-employed subsidies of 215,000 yuan ($30,444) to 43 people, rent subsidies of 2.13 million yuan to 157 people and provided entrepreneurship guaranteed loans of 21.34 million yuan to 162 people.

In addition, Xifeng has integrated its distribution platforms to help retailers and catering companies developing online businesses -- and to expand sales spaces and potential through online and offline integration.

At present, more than 840 merchants have joined the e-commerce distribution platform. The online transaction volume of the platform since February has topped 3 million yuan.