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China's market regulator to step up support to self-employed businesses

Updated: Feb 13, 2023 Xinhua Print
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Staff of a subsidiary asset management company of Huzhou City Group review information of self-employed business owners and apply rent reductions for them, so as to promote the implementation of policies for easing the difficulties of micro and small-sized businesses, in Huzhou, Zhejiang province, on May 26. [Photo/Xinhua]

BEIJING -- China will beef up support to self-employed businesses, which make up two thirds of the country's market players and create a large number of job opportunities, according to the country's market regulator.

There are now 169 million market entities in China, of which 114 million have been registered as self-employed businesses, data from the State Administration for Market Regulation shows.

The self-employed businesses have created almost 300 million jobs nationwide, the data shows.

The administration said it will seek to boost the development of self-employed businesses and offer technical support to raise quality, taking a range of different measures according to the characteristics, scale and revenue levels of those businesses.

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