BEIJING: China’s private enterprises have grown rapidly over the past decade due to improved market conditions in China.
The National Development and Reforms Commission said in a press conference that due to the continuous improvement in the environment for the development of private enterprises, the number of private enterprises increased four times in the last 10 years, after which it increased from 1 crore 8 lakh 50 thousand. 4 crore 45 lakh 70 thousand.
Market-friendly measures have pushed China to 31st place in the global business environment rankings, up from 96th in 2013. By the end of the year 2021, China had absorbed 26 trillion US dollars in investment.
According to the National Development and Reform Commission, a large number of Chinese enterprises have also started joint ventures abroad.
The number of overseas Chinese-funded institutions was 22,000 in 2012, which has now increased to more than 45,000.