Nation sees surge in newcompanies
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.