ZCZC
BCN-12
CHINA-BUSINESS-GROWTH-H1
China sees steady new businesses growth in H1
BEIJING, July 9, 2018 (BSS/Xinhua) – 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.
About 18,100 new firms were set up each day in H1.
New business registration can be conducted online in 22 provinces, while a
string of administration streamlining steps have helped about 388,000
enterprises to 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.
BSS/XINHUA/HR/1130