Na­tion sees surge in new­com­pa­nies

China Daily (USA) - - BUSINESS -

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 on Mon­day. A to­tal of 4.01 mil­lion new com­pa­nies were set up in the Jan.-Sept. pe­riod, ris­ing 27 per­cent from the same pe­riod last year, ac­cord­ing to sta­tis­tics from the State Ad­min­is­tra­tion of In­dus­try and Com­merce. 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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.