Growing self- and private business employment in China

A study from China's State Administration for Industry & Commerce (SAIC) shows that self-employed people and private businesses create a third of the jobs in China and the two sectors continue to see rapid growth as a result of the government's efforts to help small companies, including reforms to simplify the business registration system. According to the data: 90% of new jobs in urban areas can be attributed to self-employed and private businesses; 116.8 million self-employed jobs were created by the end of 2015, up 47% from 2011, while private companies created about 163.9 million jobs, up 58% from 2011; and there were a total of 54.08 million self-employed businesses at the end of last year, up 44% from the 37.56 million in 2011 while over the same period, the number of private companies almost doubled to 19.08 million.  

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SELF-EMPLOYED people and private firms create a third of the jobs in China, according to the State Administration for Industry & Commerce (SAIC).

A SAIC study showed that about 90 percent of new jobs in urban areas can be attributed to the self-employed and private firms.

By the end of 2015, 116.8 million self-employed jobs were created, up 47 percent from 2011, while private firms created about 163.9 million jobs, up 58 percent from 2011, official data showed.

The two sectors have been seeing rapid economic growth and more job creation since the government launched a campaign to streamline the administration and delegate power to lower levels, starting a reform for the country's business registration system in 2014.

By the end of 2015, there were 54.08 million self-employed businesses in China, up 44 percent from 37.56 million in 2011. Over the period, the number of private firms almost doubled to 19.08 million, SAIC data showed.