Coun­try sees ris­ing num­ber of new firms

China Daily (USA) - - BUSINESS -

The num­ber of newly reg­is­tered en­ter­prises in China surged 28.9 per­cent year-on-year in the first eight months this year, thanks to the coun­try’s con­tin­ued ef­forts to stream­line ad­min­is­tra­tive pro­ce­dures. A to­tal of 3.56 mil­lion new com­pa­nies were set up in the Jan-Aug pe­riod, ac­cord­ing to sta­tis­tics from the State Ad­min­is­tra­tion of In­dus­try and Com­merce.

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