2023/04/28 6:07

From 2011 to 2020, the number of newly registered market entities in China showed continuous growth, especially since the reform of the commercial system in 2013, the number of newly registered market entities in China has been growing at a high rate. 6,715,454 new market entities were registered in 2013, with a year-on-year growth rate of 28.64%.

Despite the impact of multiple factors such as the epidemic, the number of new market entities registered in 2020 still showed a counter-trend growth momentum, reaching 23,576,507 for the year, 5.14 times of the number of new market entities registered in 2011. At the same time, the year-on-year growth rate of the number of newly registered market entities in 2020 also reached 21.95%, which is only slightly lower than the year-on-year growth rate of 2019 by 0.44%.

From the distribution of registered capital scale, the number of newly registered entities with registered capital of 0 to 1 million yuan reached 112,213,089, accounting for 95.78% of the total number of newly registered entities, indicating that measures such as “administrative and service” reform and optimization of business environment have greatly promoted the development of small and micro market entities.

The total number of newly registered entities with registered capital of 1 million to 2 million yuan reached 1,773,251, accounting for 1.51%; the total number of entities with registered capital of 2 million to 5 million yuan was 1,153,771, accounting for 0.98%; the total number of entities with registered capital of 5 million to 10 million yuan was 843,402, accounting for 0.72%; and the total number of entities with registered capital of 5 million to 10 million yuan was 843,402, accounting for 0.72%. 0.72%; the total number of subjects with registered capital of RMB 10 million or more reached 1,171,238, accounting for 1%.

From 2013 to 2019, while the number of new registrations has continued to rise rapidly, the number of cancellations of Chinese market entities has also seen a continuous and significant increase due to the impact of internal and external factors such as the economic downturn.

In terms of the year-on-year growth rate of market entity cancellations, except for 2013, which reached a record 523.89%, the overall trend has been declining since 2014, dropping to 22.47% in 2019. 2020, despite the impact of the epidemic, was supported by a series of national policies such as “six guarantees” and “six stabilizations”. The number of newly cancelled market entities fell by 15.7% compared with 2019, despite the impact of the epidemic in 2020, supported by a series of national policies such as “six guarantees” and “six stability”.