Wenzhou City, Zhejiang Province, east China - Recent (CCTV - No access Chinese mainland)
1. Various of production line, manufacturing machine working at Hualian Machinery Group
2. Various of Hualian Machinery employees at work
3. SOUNDBITE (Chinese) Ying Li, deputy finance director, Hualian Machinery Group (ending with shot 4):
"The capital that is quickly injected into the accounts can not only bring more liquidity to the enterprise but can also be put directly into production."
4. Hualian Machinery employees at work
5. SOUNDBITE (Chinese) He Pinheng, official, Wenzhou Tax Bureau, State Administration of Taxation (ending with shot 6):
"Through reform, we simplified the process of examination and approval and established channels for enterprises to speed up the approval process."
6. Various of production line, manufacturing machine working
7. Aeriel shots of cityview

Government officials in China’s eastern Zhejiang Province are introducing measures to give financial relief to companies hit hard by the COVID-19 pandemic.

The city of Wenzhou recently announced a plan to help companies confront pressures on capital flow and delayed deliveries amid the COVID-19 outbreak that include a reduction in taxes and fees for labor-intensive enterprises that have high research and development costs.

For firms like the Hualian Machinery Group, which mainly manufactures packaging machinery, the cuts were very much welcomed news.

"The capital that is quickly injected into the accounts can not only bring more liquidity to the enterprise but can also be put directly into production," said Ying Li, the deputy finance director of Hualian Machinery Group.

"Through reform, we simplified the process of examination and approval and established channels for enterprises to speed up the approval process," noted He Pinheng, official, Wenzhou Tax Bureau, State Administration of Taxation.

As of June 30, the Wenzhou City cut taxes and fees by 12.86 billion yuan (about 1.89 billion U.S. dollars) on almost 1.55 million enterprises and corporates.