Steady H1 new business growth

China saw steady growth of new businesses in the first half (H1) of the year.

A total of 3.27 million new enterprises were established in the first six months of 2018, up 12.5 percent year-on-year, according to the State Administration for Market Regulation.

New business registration can now be conducted online in 22 provinces, while a string of administration streamlining steps have helped about 388,000 enterprises withdraw from the market, according to the market regulation authority.

The authority said it would continue to reduce administrative approval and improve the business environment to encourage investment and entrepreneurship.