The resilience of the development of 7.065 million newly established private enterprises in the first three quarters of the country continues to emerge
2023-11-16
The State Administration of Market Regulation released data on business entities in the first three quarters of this year on the 14th, indicating that China's internal driving force of business entities continues to strengthen. As of the end of September 2023, the number of registered private enterprises in China exceeded 52 million, and the proportion of private enterprises in the total number of enterprises reached 92.3%. In the first three quarters, there were 7.065 million new private enterprises established nationwide, a year-on-year increase of 15.3%. Regional development is more balanced. In the first three quarters, private enterprises in the four major sectors of East, Central, West, and Northeast China maintained a stable and positive development trend. 3.51 million new private enterprises were established in the eastern region, a year-on-year increase of 12.6%; 1.766 million new private enterprises were established in the central region, a year-on-year increase of 16%; 1.49 million new private enterprises were established in the western region, a year-on-year increase of 23.3%; 299000 new private enterprises were established in the Northeast region, a year-on-year increase of 7.4%. The industrial structure of private enterprises continues to be optimized. In the first three quarters, the number of newly established private enterprises in the first, second, and third industries was 284000, 1.116 million, and 5.665 million, respectively. The proportion of the third industry exceeded 80%. Relying on the advantages of a strong market, the livelihood industry closely related to people's lives continues to develop rapidly. The growth rates of newly established private enterprises in the "accommodation and catering industry", "leasing and business services industry", and "wholesale and retail industry" have reached 40.3%, 23.1%, and 17.4%, respectively. The "four new" economy has become a new advantage for the development of private economy. In the first three quarters, there were 3.004 million newly established private enterprises in the "four new" economy, accounting for 40% of the total number of newly established enterprises during the same period, with "new energy activities" experiencing the fastest year-on-year growth. As of the end of September 2023, the number of private enterprises in China's "four new" economy has exceeded 20.873 million, and the new economy and new business formats have maintained a strong development trend. Individual businesses are an important force in stabilizing employment, promoting growth, and benefiting people's livelihoods. In the first three quarters, with the comprehensive restoration of normal economic and social operations, various policy measures were put into effect, and the number of individual businesses in the country steadily increased, the structure continued to be optimized, and there was a clear momentum of recovery. Simultaneous improvement in quantity and quality. In the first three quarters, 17.196 million new individual businesses were established nationwide, a year-on-year increase of 11.7%. As of the end of September 2023, the number of registered individual businesses in China has reached 122 million, accounting for 67.3% of the total number of business entities. With the development and growth of individual businesses, over 70000 individual businesses in China have successfully transformed and upgraded into enterprises since the beginning of this year. Livelihood related industries have rebounded. In the first three quarters, the industries with a new number of individual industrial and commercial households exceeding one million mainly include wholesale and retail, accommodation and catering, agriculture, forestry, animal husbandry and fishing, and residential service industry, with 8.895 million households, 2.516 million households, 1.363 million households, and 1.341 million households, respectively. The growth rate of newly established individual businesses in the fields of information transmission, software and information technology services, culture, sports and entertainment, scientific research and technology services is relatively fast, with year-on-year growth of 68.4%, 53.1%, and 41.1%, respectively. The industrial structure is continuously optimized. In the first three quarters, the proportion of newly established individual businesses in the three industries nationwide was 7.7%, 4.4%, and 87.9%, respectively, with year-on-year growth rates of 8.2%
Edit：Ling Xiaotong Responsible editor：Li Yi
Source：XinhuaNet
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