BEIJING - The number of newly established firms continued to surge on the back of government efforts to streamline the process for starting a business, according to official data.
About 348,200 new companies were registered in January, up 37.74 percent year on year, statistics from the State Administration for Industry and Commerce showed.
Notably, the number of newly registered firms in the tertiary industry surged 41.61 percent to 280,100, accounting for 80.44 percent of new companies.
By the end of January, the number of all types of registered market entities in China came in at 70.18 million, with registered capital totaling 133.05 trillion yuan.
China lifted restrictions on minimum registered capital, payment deadlines, down payment ratios and cash ratios of registered capital on March 1 of last year, a move aimed at encouraging start-ups and energizing the economy.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
