Briefly

Most business entities private in China

The number of private business entities in China exceeded 180.86 million by the end of September, accounting for 96.37 percent of the country's total business entities, the State Administration for Market Regulation said on Wednesday. Of the total, 55.54 million were private companies while over 125.32 million were self-employed businesses. A large number of private business entities are engaged in the services sector — in categories such as accommodation and catering, resident services, wholesale and retail trade, as well as transportation, storage and courier services, the administration revealed.

New guidelines for ice, snow economy

China aims to promote its ice and snow economy as a new growth point, with the goal of reaching an economic scale of 1.2 trillion yuan ($169 billion) by 2027, guidelines issued by the General Office of the State Council showed on Wednesday. By 2027, the facilities for ice and snow sports will be more complete, the service level will be significantly improved, ice and snow sports will be carried out more widely, and China's international competitiveness in these sports will be further enhanced, according to the guidelines.

Xinhua - China Daily