A woman works at a factory of a plastic products company in Ning'an City, northeast China's Heilongjiang Province, May 21, 2020. (Xinhua/Wang Jianwei)
BEIJING, Aug. 26 (Xinhua) -- About 13.945 million new market entities were registered in China in the first half of this year, basically returning to the level before the COVID-19 pandemic, the Xinhua-run Shanghai Securities News reported on Wednesday.
The total number of registered market entities in China surged from 55 million in 2012 to 145 million so far this year, marking a nearly 1.6-fold increase in nine years, said Xiong Maoping, vice head of the State Administration for Market Regulation.
Xiong said that China's flourishing market entities are vital to promote the country's economic recovery and keep employment stable, which created more than 13 million jobs annually.
In July, China has released a guideline to energize market entities and improve the business environment with streamlined administrative procedures and better services. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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