The reporter learned from the State Administration of Market Regulation that in the first quarter of 2023, 5.03 million new individual businesses were established nationwide, a year-on-year increase of 14.3%, far exceeding the level of the same period before the epidemic. According to data released by the State Administration for Market Regulation, in the first quarter of 2023, the number of newly established individual businesses increased rapidly, with 5.03 million new individual businesses nationwide, a year-on-year increase of 14.3%, far exceeding the level of the same period before the epidemic (3.243 million in the first quarter of 2019). As of the end of the first quarter, there were 116 million registered individual businesses nationwide, accounting for two-thirds of the total number of business entities, and becoming an important support for improving people's livelihoods, promoting employment, and enhancing economic resilience. The relevant person in charge of the State Administration for Market Regulation stated that since the beginning of this year, with the rapid and stable transition of epidemic prevention and control, the comprehensive restoration of production and living order, and the sustained effectiveness of stable growth policies, the "fireworks" of people's lives, represented by individual businesses, have rapidly returned, shining with strong vitality. Since the beginning of this year, industries that have been greatly affected by the epidemic have shown a significant recovery. According to data released by the State Administration for Market Regulation, in the first quarter, there were 75000, 188000, 679000, and 2.651 million newly established individual businesses in industries such as culture, sports, and entertainment, transportation, warehousing, and postal services, accommodation and catering, wholesale and retail, respectively, with year-on-year growth of 39.0%, 25.1%, 19.8%, and 10.4%. In recent years, with the vigorous development of new technologies, industries, formats, and models, "new individual economies" such as live streaming and e-commerce have emerged, injecting new vitality into China's economic transformation and upgrading. According to data released by the State Administration for Market Regulation, as of the end of the first quarter, there were 35.154 million registered individual businesses in the "Four New" economy nationwide, with the total proportion continuously increasing from 24.9% in 2019 to 30.2%. The vitality of the "New Individual Economy" has emerged. The above person in charge stated that individual businesses have a small scale and flexible operations, and have quickly regained vitality after the epidemic, playing an important role in facilitating people's lives and unblocking the economic microcirculation. Next, the State Administration for Market Regulation will take effective measures to promote the high-quality development of individual businesses, implement targeted classification and precise assistance, increase exploration efforts for "individual to enterprise" transformation, and encourage, support, and guide the sustained and healthy development of individual businesses. (New News Agency)