China's business ecosystem is on fire! 🔥 The country now hosts 188 million registered business entities as of September 2024, a 3.9% jump from last year, according to the State Administration for Market Regulation. 💼
Breaking it down: 60.2 million are companies (up 6.1% YoY) and 125 million+ are self-employed businesses (up 3% YoY). Talk about hustle! 📈
Why the surge? Pro-business policies aimed at boosting domestic demand and sparking innovation have lit up the market. Over 20.7 million new entities popped up in just nine months—proof that China's economy remains a global powerhouse. 🌏💪
Regional growth is balanced nationwide, and industries from tech startups to agriculture are seeing structural upgrades. Think avocado toast meets AI factories! 🥑🏙️
