The number of newly registered enterprises in China increased 5.9 percent year-on-year to 389,000 in April as the government took measures to streamline business administration, official figures showed on Wednesday.
Newly registered individually owned businesses and private enterprises topped 371,000 in April, up 6.7 percent year-on-year, according to a report released by the State Administration of Industry and Commerce (SAIC).
The fast rise in the number of new companies indicated increased vitality in the market, said the report.
The SAIC report also showed China had 72 million businesses by the end of April, up 16.6 percent year-on-year. Their registered capital rose 34 percent from a year earlier to 142.5 trillion yuan ($16.03 trillion).
