East China’s Jiangsu province registered more than 9 million market players last year to follow the leading position of Guangdong Province in the country, thanks to its continuous efforts to transform government functions by streamlining administration, delegating power and strengthening regulation.
Jiangsu registered 9.22 million market players at the end of last year, a gain of 13.8% from a year ago. The accumulative registered capital added up to 2.76 billion yuan, up 18.3% year on year.
Among the market players were 321900 enterprises, 5.9 million self-employed businesses, 100,000 farming cooperatives, up 11%, 15.6% and 1.8% respectively. The province has an average of 115 market entities per 1,000 people, with an average of 40 entities per 1,000 people.
The rapid increase in the number of market entities are attributed to the province’s continuous efforts to transform government functions by streamlining administration, delegating power and strengthening regulation.
Regional governments across the province released a slew of preferential policies last year to optimize the business climate through various measures.
The province is now registered with 1.65 million new market players, including 555,000 newly-registered firms, translating into 4529 entities and 1520 new firms on a daily basis. Both figures are approximately one tenth of the national total.