As of September 2024, China’s total number of business entities has risen to 188 million, a 3.9% increase from the previous year, according to the State Administration for Market Regulation.
The growth was driven by the registration of 20.7 million new entities in the first three quarters of 2024, with self-employed businesses accounting for over 125 million, up 3%. Companies saw a 6.1% rise, reaching 60.2 million.
This expansion is attributed to a range of policy measures aimed at stimulating domestic demand, boosting market confidence, and fostering business activity. The growth was evenly distributed across regions and sectors, reflecting an ongoing shift towards a more optimized industrial structure.