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China registers 15.5 million new market entities in first 8 months; 'four new' economy firms account for 44%
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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.
Source report
By Xu Jingli, Changjiang Business Daily September 24, 2025
New Business Entities Maintain Steady Growth
According to data released by the State Administration for Market Regulation (SAMR) at its quarterly press conference on September 24, China registered 15.502 million new business entities between January and August 2025. This includes:
- 6.001 million enterprises
- 9.474 million individual businesses
- 27,000 farmer cooperatives
The steady emergence of diverse business entities has reinforced the foundation of the market economy.
"Four New" Economy Accelerates
As of the end of August, China had 29.301 million registered enterprises in the "Four New" economy—a year-on-year increase of 5.4%, accounting for 44.0% of all enterprises.
The "Four New" economy encompasses:
- New industries: artificial intelligence, sharing economy, low-carbon economy, digital economy, platform economy
- New business forms: online education, telecommuting, telemedicine, smart logistics, smart transportation, smart agriculture
- New business models: market-oriented, customer-centric models integrating internal and external resources for sustainable profitability
- New technologies: mobile internet, cloud computing, big data, IoT, mobile payments, implantable tech, autonomous driving, 3D printing, gene sequencing, and other disruptive innovations
Industrial Structure Continues to Optimize
From January to August 2025, new business entities by industry were:
- Primary industry: 565,000
- Secondary industry: 1.149 million
- Tertiary industry: 13.788 million
The service sector remains a key driver of employment, consumption, and economic transformation.
National Standards System Continuously Upgraded
Since 2026, SAMR has focused on key industries such as integrated circuits, aerospace, and biomedicine, approving 176 new metrological standard facilities. The national standards system has been iterated with:
- 3,196 national standards proposed
- 4,753 national standards published
- Over 1,400 standards for emerging industries (next-gen IT, new materials, high-end equipment)
SAMR has also approved 880 national quality inspection centers, with more than one-third focused on emerging fields like integrated circuits, quantum technology, and embodied intelligence.
Chinese Standards Going Global
Since 2026, China has:
- Led the development of 214 international standards
- Submitted 318 international standard proposals (up 40% year-on-year)
- Maintained an international standard conversion rate of over 95%
SAMR (National Standards Commission) has signed 134 standardization cooperation documents with 79 countries, international, and regional organizations, including 87 agreements with 52 Belt and Road partner countries.
Key features of China's standardization internationalization include:
- Improved international compatibility of standards
- Expanded overseas application of Chinese standards
- Deepened international standardization cooperation
- Accelerated deployment of international industry and standards organizations
Editor: ZB
Source
长江商报Eastern
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China registers 15.5 million new business entities in first eight months of 2024