China is on fire! 🔥 With 189 million registered businesses by the end of 2024, the Chinese mainland is buzzing with entrepreneurial spirit. That's a 3.1% increase from last year! 🎉
Shu Wei, deputy head of the State Administration for Market Regulation, shared that in the first three quarters of last year, about 7.22 million new businesses started handling tax-related affairs. That's a whopping 17.4% jump! 📈
But it's not just about numbers. Consumer rights are getting a major boost too! Authorities have recovered over 4.72 billion yuan (that's about $656.69 million 💰) from complaints and reports, marking a 17.1% rise year on year.
These strides show China's commitment to creating a fair and vibrant market scene. From supporting individual entrepreneurs to tightening up laws that protect businesses, the government's got their back. 🙌
Plus, they're shaking things up in the platform economy, pushing old-school industries to evolve, and nurturing new ones. The goal? To build super-strong industrial chains that can weather any storm. 🌈💪
Reference(s):
cgtn.com
