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China's Hainan sees surging market entities in first 11 months

December 25, 2020


Abstract : Southern China's island province of Hainan saw a surge in the number of market entities in the first 11 months of this year, as the construction of the Hainan free trade port has picked up steam, attracting more domestic and overseas investors to start businesses in Hainan, Hainan Daily reported on Thursday.

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Photo: Job seekers attend a job fair, which provides nearly 8,000 job vacancies, in Haikou, south China's Hainan Province, Oct. 25, 2020. (Xinhua/Guo Cheng)

BEIJING, Dec. 25 (Xinhua) -- Southern China's island province of Hainan saw a surge in the number of market entities in the first 11 months of this year, as the construction of the Hainan free trade port has picked up steam, attracting more domestic and overseas investors to start businesses in Hainan, Hainan Daily reported on Thursday.

In the January-November period, Hainan had about 28,000 new market entities, up 23.2 percent year on year, of which the number of new enterprises registered in the province nearly doubled from the same period of last year. 

In November alone, the province added more than 32,100 market entities, up 8.92 percent from a year earlier. Among them, there were 12,400 new enterprises last month, up 37.25 percent year on year.

In recent years, Hainan has taken a series of measures to optimize its business environment and stimulate market vitality. 

As of November 30, the province had a total of 1.156 million market entities, including nearly 427,000 enterprises and 730,000 self-employed persons.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: Hainan market entities

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