In 2025, more than 16 million new individual businesses were established in our country.

People’s Financial News, March 26 - On the 26th, reporters learned from the State Administration for Market Regulation that by 2025, the number of newly established individual businesses in our country will reach 16.194 million, with overall development remaining stable. The resilience of operations continues to strengthen. Data shows that the number of individual businesses established for more than three years has reached 84.198 million, accounting for 65.8% of the total number of individual businesses, an increase of 9.7 percentage points compared to the end of 2020, highlighting the long-term operational capacity of individual businesses. Meanwhile, the trend of integrated development between online and offline is evident, with the number of individual businesses operating on online trading platforms increasing by 14.7% year-on-year, further broadening operational channels. Business formats are evolving towards new and better. In 2025, there will be 6.468 million newly established “new economy” individual businesses, totaling 39.975 million, maintaining steady growth for five consecutive years, becoming a new driving force for the development of individual businesses. There are 14.625 million newly established individual businesses in the service sector, with the top three industries in terms of growth being scientific research and technical services, education, and cultural, sports, and entertainment industries, showing significant quality upgrading trends in the service sector. The quality of operations is gradually improving. So far, the cultivation of “special and high-quality” individual businesses has reached 184,000, with a median duration of continuous operation of 8.4 years, indicating excellent operational stability and development quality; the number of “growth-type” and “development-type” individual businesses has increased to 13.89 million, while the proportion of “survival-type” individual businesses is gradually declining, resulting in an overall optimization of operational levels. Next, the State Administration for Market Regulation will formulate and implement the “14th Five-Year Plan” to promote the development of individual businesses, with in-depth, categorized, and precise assistance as an important focus, continuously strengthening the cultivation of “special and high-quality” individual businesses, promoting smart empowerment of platform enterprises, and helping individual businesses achieve higher quality development. (Xinhua News Agency)