Newly founded firms rise
Print Edition
THE number of newly founded companies in China continued to surge on government efforts to streamline the process for starting businesses, official data showed yesterday.
About 844,000 new companies were registered in the first quarter of this year, up 38.4 percent from the same period of last year, according to data from the State Administration for Industry and Commerce.
The registered capital of these new companies totaled 4.8 trillion yuan (US$774 billion), up 90.6 percent year on year.
China lifted restrictions on minimum registered capital, payment deadlines, down payment ratios and cash ratios of registered capital on March 1, in a move to encourage startups and energize the economy.
Between January and March, the number of newly registered firms in the tertiary industry went up 41 percent to 677,000, accounting for 80.2 percent of new companies.
“China’s business reforms have prompted social capital to invest in emerging industries and the service sector, which is conducive to ongoing economic restructuring,” said Chen Dun, associate professor with Beijing Technology and Business University.
- 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.
