18.47% of the total world population is located in China. With a population of over 1.386 billion, it ranks number 1 in the list of countries by population. Not surprisingly, it contains a large number of companies to support its economy. According to a report by the Chinese Government released on January 19, 2017, the number of market entities (companies and registered organizations) in China by the end of 2016 is 87,054,000.
However, how many of these 87 millions of market entities involve in import and export activities?
The rising number of market entities in China is growing at an annual aggregated rate of 12%. By the end of 2016 approximately, there were 16,513,000 newly registered market entities, increased by 11.6% from 2015. Among the 16 million of new registrations, 5,528,000 were companies. This represented an average of 15,100 new companies registered daily, and this number was a record high.
To put the number of 5.528 million of new companies into perspective, this number is more than double of the total number of actively trading businesses in Australia (2,171,544 as of June 30, 2016).
As of June 2018, according to the import & export statistics, there are 422,274 companies with import and export activities in the 12 months from 2017 June to 2018 June.
Nearly 50% of the total number of companies are located in 3 provinces: 80,274 companies located in Guangzhou, 68,222 in Zhejiang, and 60,651 in Jiangsu.
The following table and chart depict the company distribution by province:
Alexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited.