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BEIJING, Oct. 15 (Xinhua) -- The number of newly founded companies in China has continued to surge in the first three quarters of this year amid government efforts to encourage entrepreneurship and innovation, data showed.


A total of 4.51 million new companies were set up in the Jan.-Sept. period, a daily average of 16,500 new firms, representing a 12.5 percent growth year on year, according to statistics from the State Administration of Industry and Commerce (SAIC).


In the third quarter, new companies have created more than 25 percent of new jobs in the market, the SAIC said.


For companies set up in the third quarter last year, 69.7 percent of them stayed in businesses one year after establishment, with each firm employing an average of 7.42 people, up from 6.27 people when they started, a SAIC survey showed.


The springing up of new market entities, especially innovative enterprises, has strengthened the micro-foundation of continued economic growth, said SAIC spokesperson Yu Fachang.


China has been making efforts to create a better business environment. Through simpler approval processes, lower corporate fees and technology-based services, the government is transforming its functions to let the market play a larger role in the economy.




BEIJING, Oct. 18 (Xinhua) -- Socialism with Chinese characteristics has crossed the threshold into a new era, Xi Jinping said Wednesday at the opening of the 19th National Congress of the Communist Party of China (CPC).


It will be an era of securing a decisive victory in building a moderately prosperous society in all respects, and of moving on to all-out efforts to build a great modern socialist country, he said while delivering a report.


It will also be an era that sees China moving closer to center stage and making greater contributions to mankind, he said.


The Chinese nation, which since modern times began had endured so much for so long, has achieved a tremendous transformation -- it has stood up, grown rich, and become strong, he said.


Socialism with Chinese characteristics entering a new era means that scientific socialism is full of vitality in 21st century China, and that the banner of socialism with Chinese characteristics is now flying high and proud for all to see, he said.


It means that the path, the theory, the system, and the culture of socialism with Chinese characteristics have kept developing, blazing a new tra. Cheap NHL Jerseys China Cheap Soccer Jerseys From China Cheap NHL Jerseys Wholesale Cheap Authentic MLB Jerseys Cheap NFL Jerseys Online Cheap Nike NBA Jerseys Cheap College Jerseys China Cheap Nike NBA Jerseys Online Wholesale Soccer Jerseys Cheap Youth Adidas NHL Jerseys
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