New firms continue to surge in China
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.
A total of 4.01 million new firms were set up from January to September, up 27 percent from the same period of last year, data from the State Administration of Industry and Commerce showed yesterday.
An average of 14,600 new firms were set up daily, surpassing the average of 12,000 recorded in 2015, SAIC said.
China has 83.72 million market entities, said SAIC.
The growth in newly registered firms was due to 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 rose 27.6 percent to 3.25 million, taking up 81.1 percent of new companies.
- 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
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.