Xifeng implements rent reduction and exemption policies

Xifeng county in Southwest China's Guizhou province has been implementing rent reduction and exemption policies for State-owned enterprises, according to local media reports.

As of Oct 31, State-owned enterprises have been reduced or exempted a total of 1.31 million yuan ($198,682) in rent, affecting 76 small, medium and micro-sized enterprises and individual industrial and commercial households.

The sudden outbreak of the COVID-19 epidemic has had a great impact on the county's economic development. Small and micro-sized enterprises and individual industrial and commercial households are relatively vulnerable to the impact of the epidemic.

To this end, Xifeng county actively encouraged and supported State-owned enterprises to take the initiative to reduce rents for small and micro-sized enterprises and individual industrial and commercial households that comply with the rent reduction policies.

In order to ensure the timely implementation of these new rules, the county screened and verified tenants who met the conditions for rent reduction on a household-by-household basis, and notified them to go through relevant procedures.

The county also rapidly followed up on the rent reduction and exemption of various State-owned enterprises, and established a work account to supervise the process and urge all enterprises to implement the reduction and exemption policies.