China increases private sector proportion from 79.4% to 92.3% by 2023, with 124 million individual businesses registered.

China steps up efforts to boost private sector development, with the proportion of private enterprises increasing from 79.4% to 92.3% from 2012 to 2023, and a total of 124 million individual businesses registered by 2023. The State Council report on June 25 highlights achievements made in promoting the development of the private economy since the 18th Communist Party of China National Congress in 2012.

June 25, 2024
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