Growth of new companies is slowing

Source: Xinhua | March 23, 2009, Monday |

Print Edition

CHINA'S industry and commerce authorities have said the number of businesses established in China rose only 0.78 percent year on year in 2008, much slower than an average of 5 percent growth in the previous five years.

At the end of last year, the number of businesses in China totaled 9.71 million, up 0.78 percent, or 74,900, over a year ago, the State Administration for Industry and Commerce said.

Private sectors and foreign-funded companies retained stable growth despite the global financial crisis.

By the end of last year, the number of private businesses stood at 6.57 million, up 9 percent, or 543,700.

The number of foreign-funded companies rose 7 percent to 434,900 last year, with total investment exceeding US$2.32 trillion, up 10.21 percent year on year.

The statistics also showed more companies had been set up in the western and central areas as China tried to move more industries into the regions, while the number of companies fell in more-developed eastern regions.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Growth of new companies is slowing

Email this to your friend