SHANGHAI: China’s top market regulator says that the number of newly established market entities, including companies and the self-employed, witnessed a V-shaped recovery in the first half.
This is as market confidence from various businesses continued to get a boost despite ongoing Covid-19 resurgences and a shaky external environment.
According to the State Administration for Market Regulation (SAMR), the total number of market entities hit 161 million as of end-June, up 4.4% compared with the end of last year.
In the first quarter, newly established market entities increased 7.5% year-on-year nationwide. Though witnessing a drop in April, the number quickly recovered to 1.4% in May and a whopping 19.7% in June.,
,Telegram中文群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
“The steadily increasing number of market players in the first half showed that market vitality has remained stable after implementation of a series of policies and measures to stabilise the economy,” said Han Jiaping, a senior researcher with the Chinese Academy of International Trade and Economic Cooperation.
To boost confidence of market players amid the epidemic, China has continued to support market entities with measures like tax cuts and fee deferrals.
By July 20, China’s accumulative tax refunds, tax and fee cuts, and tax and fee deferrals topped three trillion yuan (RM1.98 trillion), said the State Taxation Administration.
Notably, the SAMR said that an increasing number of new market entities were new economy-related and such growth in the first six months is significantly higher than the overall level. — China Daily/ANN