There are over 100 million individual businesses nationwide

2022-04-27 0 By

“By the end of last year, there were 103 million registered individual businesses, accounting for about two-thirds of the total market.This is a historic breakthrough, reaching 100 million households.”The State Administration for Market Regulation recently introduced at a press conference of the State Information Office.Self-employed businesses account for the largest number of market entities in China, and 90% of them are concentrated in the service sector, mainly in wholesale and retail, accommodation, catering and residential services.According to the survey, the average number of self-employed workers is 2.68, which means that the self-employed have created 276 million jobs in China.In the past two years, despite the impact of the epidemic, the overall development of individual businesses has remained stable.Last year, 19.701 million self-employed businesses were set up across the country, up 17.2 percent year on year, exceeding the average annual growth rate of 11.8 percent from 2012 to 2021.The newly set withdrawal ratio of individual industrial and commercial households is 100∶50, basically the same as the data in recent years.Relevant departments will continue to support the development of individual businesses, give full play to the role of the Inter-ministerial joint Conference on Supporting the development of individual businesses, and continue to improve policies and measures, optimize the business environment, and carry out various services.