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Taizhou posts hefty raise in new market entities

LMS|Updated: May 9, 2023


Taizhou city has made great progress in improving the efficiency and convenience of its business entity registrations. [Photo/]

The expansion of businesses in Taizhou city – located in East China's Jiangsu province – significantly increased in the first quarter of the current year, with 20,240 new businesses reportedly registered in the first quarter alone.

By end-March, there were 686,374 business entities recorded in Taizhou.

Of those, 6,603 were new companies, an increase of 9.29 percent year-on-year; with 13,593 new individual businesses, an increase of 19.34 percent year-on-year; while 44 registered as new farmer cooperatives, an increase of 83.33 percent year-on-year.

Overall, Taizhou is said to have done a great deal to streamline its business entity registrations system.

This has included setting up registration service stations in various industrial parks throughout the city, deepening "individual-to-business" reforms and promoting a series of innovative policies and measures to support enterprises and invigorate the market.

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