Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Data

Over 20 mln new companies registered in China in past 5 years

February 11, 2018


Abstract : Some 21.6 million companies were registered in the past five years in China, thanks to the government's push for entrepreneurship and innovation to bolster growth.

BEIJING, Feb. 10 (Xinhua) -- Some 21.6 million companies were registered in the past five years in China, thanks to the government's push for entrepreneurship and innovation to bolster growth.

Since China introduced mass entrepreneurship and innovation policies in 2014, more than 4,200 new hackspace companies have been created, serving over 120,000 start-up businesses and raising over 5.5 billion yuan (870 million U.S. dollars)

In 2017, online sales increased by 28 percent and express delivery volume grew by nearly 30 percent. A string of new growth engines such as sharing and digital economies have been established.

The government has cut red tape, reduced taxes and slashed fees for enterprises.

Mass entrepreneurship and innovation has been an effective driver for both economic growth and the consistent transition between traditional and new growth engines. It has also significantly contributed to creation of new jobs and increase in income. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China new companies

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial