Hey there! Did you know that by the end of March, the number of private businesses in China reached over 57 million? That’s a huge number! 😮 These private companies make up more than 92% of all businesses in the country.
In just the first three months of this year, almost 2 million new private companies started up. That’s like adding the population of a big city! 🏙️ What’s even cooler is that over 40% of these new companies are all about new technologies, products, and innovative ideas.
The fastest-growing area was internet and information technology services, with a growth of 18% compared to last year. Imagine all the new apps, games, and tech gadgets they’re creating! 💻📱
The digital economy is booming too. In the first quarter, there were 274,000 new private businesses in this sector. That’s 13.9% of all the new private companies! They’re focusing on things like digital transformation and low-carbon initiatives to help the planet. 🌍♻️
China’s private businesses are super important. They drive innovation, create jobs, and help the economy grow. The government is supporting them by making new laws and listening to their ideas to help solve any problems they have. 🤝
They’re even working on a new law called the Private Economy Promotion Law to make it easier for these businesses to succeed. This means a fairer and more exciting business environment for everyone! 🎉
With all this amazing growth and support, who knows what awesome things these private businesses will come up with next? The future looks bright! 🌟
Reference(s):
cgtn.com
