BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Latest Headlines
China Sees Continued Surge in New Firms
 

The number of newly founded companies in China continued to surge in the first three quarters on government efforts to streamline the process for starting businesses, official data showed.

A total of 4.01 million new companies were set up in the January-September period, rising 27 percent from the same period last year, according to statistics from the State Administration of Industry and Commerce (SAIC).

An average of 14,600 new firms were set up daily, surpassing the average of 12,000 recorded in 2015, according to SAIC.

China has a total of 83.72 million market entities, said SAIC.

The growth in newly registered enterprises was a result of China's continued efforts to improve the business environment by facilitating business registration and fostering new growth impetus, said SAIC spokesperson Yu Fachang.

Between January and September, the number of newly registered firms in the tertiary industry went up 27.6 percent to 3.25 million, accounting for 81.1 percent of new companies.

China's improved business environment has prompted social capital to invest in emerging industries and the service sector, which is conducive to ongoing economic restructuring and industrial upgrading, said Yu.

(Xinhua News Agency October 17, 2016)

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CCTV   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
SHARE
Twitter
Facebook
Google+
WeChat
Weibo
Email
Print
Chinese Dictionary: