China registers 15.5 million new business entities in first eight months of 2024
China's State Administration for Market Regulation reported 15.502 million new business entities were registered from January to August 2024, including 6.001 million enterprises and 9.474 million individual businesses. The service sector led with 13.788 million new entities. The 'Four New' economy—encompassing new industries, business forms, models, and technologies—reached 29.301 million registered enterprises by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises.
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China's New Business Entities Reach 15.5 Million in First Eight Months as 'Four New' Economy Accelerates
On September 24, the State Administration for Market Regulation released data showing that from January to August, China registered 15.502 million new business entities, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The tertiary sector led with 13.788 million new entities, highlighting services as a key driver of employment and consumption. The 'four new' economy—encompassing new industries (AI, sharing economy, digital economy), new business forms (online education, telemedicine, smart logistics), new models (market-centric business operations), and new technologies (mobile internet, cloud computing, big data, IoT)—is accelerating. As of August, registered 'four new' economy enterprises reached 29.301 million, up 5.4% year-on-year, accounting for 44% of all enterprises. The administration also reported progress on national standards, with 1,400+ standards for emerging industries and 214 international standards led by China since 2026.
China sees 15.5 million new market entities in first 8 months, 'four-new' economy grows
On September 24, the State Administration for Market Regulation (SAMR) released data showing that from January to August, China registered 15.502 million new market entities, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The tertiary sector led with 13.788 million new entities, highlighting the service industry's role in employment and consumption. Meanwhile, the 'four-new' economy—encompassing new industries, new business forms, new models, and new technologies—is accelerating. As of end-August, registered 'four-new' economy enterprises reached 29.301 million, up 5.4% year-on-year, accounting for 44.0% of all enterprises. SAMR also reported progress in standard system upgrades, approving 176 new measurement standards and issuing 4,753 national standards since 2026, with over 1,400 standards for emerging industries. China has led the formulation of 214 international standards since 2026, with international standard conversion rates above 95%. The agency has signed 134 standardization cooperation documents with 79 countries and international organizations.
Read sourceChina registers 15.5 million new market entities from January to August 2024
According to a press conference held by China's State Administration for Market Regulation on September 24, the country's market entities continued to show stable growth with improving structure and emerging new drivers. From January to August 2024, China registered 15.502 million new market entities, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. By industry, the tertiary sector led with 13.788 million new entities, followed by the secondary sector (1.149 million) and the primary sector (565,000). The service sector remains a key engine for employment, consumption, and transformation. The 'Four New' economy—new industries, new business forms, new models, and new technologies—accelerated its growth, with 29.301 million registered 'Four New' economy enterprises by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises. Wang Qiuping, spokesperson for the administration, stated that the steady growth and innovation upgrade of market entities reflect economic resilience and lay a foundation for high-quality development.
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China registers 15.5 million new market entities from January to August 2024
According to a press conference held by China's State Administration for Market Regulation on September 24, the country's market entities continued to show stable growth with structural improvements and new momentum from January to August 2024. A total of 15.502 million new market entities were registered, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. By industry, the tertiary sector led with 13.788 million new entities, followed by the secondary sector (1.149 million) and the primary sector (565,000). The service sector remains a key driver of employment, consumption, and transformation. The 'Four New' economy—new industries, new business formats, new models, and new technologies—accelerated, with 29.301 million registered 'Four New' economy enterprises by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises. Wang Qiuping, spokesperson for the administration, stated that the steady growth and innovation upgrade of market entities reflect economic resilience and lay a foundation for high-quality development.
Read sourceChina registers 15.5 million new market entities in first eight months of 2024
China's State Administration for Market Regulation announced at a quarterly press conference on September 24 that 15.502 million new market entities were registered nationwide from January to August 2024. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The service sector dominated with 13.788 million new entities, while the primary and secondary sectors added 565,000 and 1.149 million respectively. The 'Four New' economy—encompassing new industries, business formats, models, and technologies—continued to grow, with 29.301 million registered enterprises by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises. Market regulation spokesperson Wang Qiuping stated that the steady growth and innovation upgrade of market entities reflect economic resilience and lay a foundation for high-quality development.
Read sourceChina's 'Four New' Economy Enterprises Reach 29.3 Million, 44% of Total Firms
On September 24, China's State Administration for Market Regulation (SAMR) held its third-quarter regular press conference for 2026. SAMR spokesperson Wang Qiuping stated that the development of China's business entities has maintained a generally stable, innovative, and high-quality trend. The structure of business entities continues to optimize, and new growth drivers are strengthening, becoming a highlight of economic operation. From January to August, 15.5 million new business entities were established nationwide, including 6 million enterprises, 9.47 million individual businesses, and 27,000 farmer cooperatives. The industrial structure is also improving, with the tertiary sector (services) adding 13.79 million new entities, serving as a key engine for employment, consumption, and transformation. Notably, the 'Four New' economy—encompassing new industries, new business forms, new models, and new technologies—is accelerating. As of the end of August, the number of registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, accounting for 44% of all enterprises. Wang emphasized that market vitality and business growth underpin economic resilience and high-quality development.
Read sourceChina registers 15.5 million new business entities in first eight months of 2024
China's State Administration for Market Regulation reported that 15.502 million new business entities were registered nationwide from January to August 2024, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. Spokesperson Wang Qiuping stated at a quarterly press conference that the development of business entities remains stable with a trend toward innovation and quality improvement. The tertiary sector led with 13.788 million new entities, highlighting the service industry's role in employment, consumption, and economic transformation. 'New economy' enterprises reached 29.301 million registered by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises. China also advanced international standardization, leading 214 international standards and submitting 318 proposals (up 40% year-on-year), with conversion rates above 95%. Standards have been applied overseas in Belt and Road projects, including a 100,000-mu agricultural demonstration zone in Zambia converting 289 Chinese standards. International industry alliances led by Huawei and others have been established to produce global standards.
Read sourceChina registers 15.5 million new business entities in first eight months of 2024
China's State Administration for Market Regulation reported on September 24 that 15.502 million new business entities were registered nationwide from January to August 2024, including 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The data, released at a quarterly press conference, shows a trend of stable growth with structural optimization and emerging new drivers. The service sector accounted for 13.788 million new entities, remaining a key engine for employment, consumption, and economic transformation. 'New economy' enterprises—encompassing new industries, business formats, models, and technologies—reached 29.301 million registered entities by end-August, up 5.4% year-on-year, representing 44% of all enterprises. Separately, China has led the formulation of 214 international standards this year and submitted 318 proposals, a 40% increase. The country is also promoting Chinese standards overseas, including a 100,000-mu agricultural standardization demonstration zone in Zambia converting 289 Chinese standards. International industry alliances such as the SparkLink Alliance and the World Ultra HD Video Industry Alliance have been established, led by companies including Huawei.
Read sourceChina registers 15.5 million new business entities in first eight months of 2024
China's State Administration for Market Regulation announced on September 24 that 15.502 million new business entities were registered nationwide from January to August 2024. The total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The tertiary sector led with 13.788 million new entities, followed by secondary (1.149 million) and primary (565,000) sectors. The 'Four New' economy (new industries, new business forms, new models, and new technologies) showed strong growth, with 29.301 million registered enterprises by end of August, up 5.4% year-on-year, accounting for 44% of all enterprises. China also advanced international standardization efforts, leading the development of 214 international standards and submitting 318 proposals (up 40% year-on-year). Under the Belt and Road Initiative, China has promoted adoption of its standards overseas, including a 100,000-mu agricultural standardization demonstration zone in Zambia converting 289 Chinese standards. New international industry and standard organizations have been established, including the International SparkLink Wireless Short-Range Communication Alliance led by Huawei and others.
Read sourceChina registers 15.5 million new business entities in first eight months of 2024
China's State Administration for Market Regulation announced on September 24 that 15.502 million new business entities were registered nationwide in the first eight months of 2024. The figures, released by spokesperson Wang Qiuping at a quarterly press conference, include 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The tertiary sector led with 13.788 million new entities, underscoring services as a key driver of employment, consumption, and economic transformation. The 'Four New' economy—new industries, new business formats, new models, and new technologies—continued to expand, with 29.301 million such enterprises registered by end-August, up 5.4% year-on-year and accounting for 44% of all enterprises. China also advanced international standardization, leading the development of 214 international standards and submitting 318 proposals, a 40% increase year-on-year. Under the Belt and Road Initiative, China has promoted the overseas application of standards, including converting 289 Chinese standards into local standards in Zambia for a 100,000-mu agricultural demonstration zone. New international industry and standards organizations, such as the SparkLink Alliance led by Huawei, have been established to produce high-quality international standards.
Read sourceChina's New Market Entities Reach 15.5 Million in First Eight Months of 2024
According to a report from the State Administration for Market Regulation (SAMR) at its third-quarter regular press conference on September 24, China registered 15.502 million new market entities nationwide from January to August 2024. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The report characterizes this growth as 'competitive growth' of various business entities, which 'consolidates the basic foundation of the market economy.' The data reflects the ongoing dynamism of China's business registration environment and provides a snapshot of entrepreneurial activity across the country during the period.
Read sourceChina's New Business Registrations Reach 15.5 Million in First Eight Months of 2024
According to a press conference by China's State Administration for Market Regulation, from January to August 2024, China registered 15.502 million new business entities. This includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The industrial structure continues to optimize, with the tertiary sector (services) accounting for 13.788 million new entities, serving as a key engine for employment, consumption, and economic transformation. The 'Four New' economy (new industries, new business formats, new business models, and new technologies) is accelerating its growth. As of the end of August, registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, representing 44.0% of all enterprises. This indicates a rapid shift in economic drivers and an acceleration of innovation factors.
China's New Business Registrations Reach 15.5 Million in First Eight Months of 2024
China's State Administration for Market Regulation announced at a quarterly press conference that 15.502 million new business entities were registered nationwide from January to August 2024. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The industrial structure continued to optimize, with the tertiary sector (services) accounting for 13.788 million new entities, underscoring its role as a key driver of employment, consumption, and economic transformation. The primary sector added 565,000 entities, and the secondary sector added 1.149 million. The 'Four New' economy—encompassing new industries, business formats, models, and technologies—showed accelerated growth. As of the end of August, registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, representing 44.0% of all registered enterprises. The report highlights the vitality of market entities and the ongoing shift toward innovation-driven economic growth.
China's New Market Entities Reach 15.5 Million in First Eight Months of 2024, Regulator Says
China's State Administration for Market Regulation announced at a quarterly press conference that from January to August 2024, the country registered 15.502 million new market entities. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The industrial structure continued to optimize, with the tertiary sector (services) accounting for 13.788 million new entities, underscoring its role as a key engine for employment, consumption, and economic transformation. The primary sector added 565,000 entities, and the secondary sector added 1.149 million. The report highlighted the accelerated growth of the 'Four New' economy (new industries, new business forms, new models, and new technologies). As of the end of August, the number of registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, representing 44.0% of all registered enterprises. The regulator stated that innovation factors are accelerating and the conversion of old and new growth drivers is speeding up.
Read sourceChina's New Business Registrations Reach 15.5 Million in First Eight Months of 2024
According to a quarterly press conference held by China's State Administration for Market Regulation, the country registered 15.502 million new business entities from January to August 2024. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The data indicates a continued optimization of the industrial structure, with the tertiary sector (services) accounting for 13.788 million new entities, underscoring its role as a key driver of employment, consumption, and economic transformation. The primary sector added 565,000 new entities, and the secondary sector added 1.149 million. The report also highlights the accelerated growth of the 'Four New' economy (new industries, new business forms, new business models, and new technologies). As of the end of August, the number of registered 'Four New' economy enterprises reached 293.01 million, a year-on-year increase of 5.4%, representing 44.0% of all registered enterprises. This growth is attributed to the deep integration of new technologies and the transformation of economic drivers.
China's New Market Entities Reach 15.5 Million in First Eight Months of 2024
According to a quarterly press conference by China's State Administration for Market Regulation on September 24, the country registered 15.502 million new market entities from January to August 2024. This total includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The data indicates a continued optimization of industrial structure, with the tertiary sector (services) accounting for 13.788 million new entities, serving as a key engine for employment, consumption, and economic transformation. The 'Four New' economy—encompassing new industries, new business formats, new models, and new technologies—is accelerating. As of the end of August, registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, representing 44.0% of all enterprises. The report highlights the gathering of innovation factors and the acceleration of the transition between old and new growth drivers.
Read sourceChina's New Market Entities Reach 15.5 Million in First Eight Months of 2024
According to data released by China's State Administration for Market Regulation (SAMR) at its third-quarter regular press conference on September 24, a total of 15.502 million new market entities were registered nationwide from January to August 2024. This includes 6.001 million enterprises, 9.474 million individual businesses, and 27,000 farmer cooperatives. The data indicates a continued optimization of the industrial structure, with the tertiary sector (services) accounting for 13.788 million new entities, underscoring its role as a key driver of employment, consumption, and economic transformation. Additionally, the 'Four New' economy—encompassing new industries, new business formats, new models, and new technologies—showed robust growth. As of the end of August, the number of registered 'Four New' economy enterprises reached 29.301 million, a year-on-year increase of 5.4%, representing 44.0% of all registered enterprises. The report highlights accelerating innovation and the conversion of old growth drivers into new ones.
Read sourceChina's New Market Entities Reach 15.5 Million in First Eight Months of 2024
According to data released by China's State Administration for Market Regulation (SAMR) at its third-quarter regular press conference on September 24, 2024, a total of 15.502 million new business entities were registered nationwide in China during the first eight months of the year. This figure includes 6.001 million new enterprises, 9.474 million individual businesses, and 27,000 specialized farmer cooperatives. The report, cited by Jin10 and originally from CCTV News, characterizes the growth of these diverse market entities as reinforcing the foundation of the market economy.
China's 'Four New' Economy Enterprises Reach 293 Million, 44% of Total by End of August
On September 24, the State Administration for Market Regulation (SAMR) held a routine press conference for the third quarter of 2026. Spokesperson Wang Qiuping stated that China's business entities are developing with a generally stable and improving trend, with continuous structural optimization and growing new momentum. From January to August, 15.5 million new business entities were established nationwide, including 6 million enterprises, 9.47 million individual businesses, and 27,000 farmer cooperatives. The industrial structure is improving, with the tertiary sector (services) leading new registrations at 13.79 million. Notably, 'Four New' economy enterprises—representing new industries, new business formats, new business models, and new technologies—reached 29.301 million registered entities by the end of August, accounting for 44% of all enterprises. Wang emphasized that market vitality and economic resilience are reflected in the steady growth and innovation of business entities, which also solidifies the foundation for high-quality development. The article was sourced from China Securities Journal.
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