Jiangsu Saw the Fastest Growth of 3.76 Million Newly Registered Companies Last Year in China

2020 Annual Report on Chinese Company Growth, jointly released by Urban and Competitiveness Research Center of Chinese Academy of Social Sciences and QCC Big Data Institute recently revealed that Jiangsu Province witnessed the highest growth of newly registered companies, totaling 3,763,600 in 2020 and up by 104.4% over the previous year, making Jiangsu the only province in China whose growth more than doubled in that regard. In 2020, 27.354 million new market entities were registered in China, up by 12.8% over the previous year. Suzhou ranked first in terms of the number of newly registered companies amounting to 687,000 (self-employments included). Suzhou,