The total number of registered business entities in China had reached 188 million by the end of September 2024, indicating a 3.9-percent year-on-year rise, the State Administration for Market Regulation said on Friday.
Of this total, 60.2 million were companies while over 125 million were self-employed businesses, increasing by 6.1 percent and 3 percent year on year, respectively.
In the first three quarters of this year, the country recorded about 20.7 million newly registered business entities, of which, newly registered companies and newly registered self-employed businesses reached 6.62 million and 14.02 million, respectively.
In the same period, there were about 7.03 million newly registered self-employed businesses in the wholesale and retail sectors, while in the accommodation and catering industry, the number was slightly above 2.12 million.
The proportion of private enterprises in the total number of registered enterprises maintained stable at 92.3 percent, the data showed. By the end of September, China had over 55 million registered private enterprises, and in the first three quarters, the number of newly registered private enterprises surpassed 6.19 million.
China sees steady expansion in number of business entities
"The water submerged the house right away!" a resident of Paiport recalled the moment the devastating flood struck eastern Valencia in Spain starting from October 29.
As of November 7, floods caused by continuous rains had killed at least 219 people in Spain, with 93 still reported missing.
According to the Spanish government's incomplete statistics, the economic losses are estimated to exceed 10 billion euros. The reconstruction and recovery will demand huge efforts, and full recovery in the affected areas will take a considerable amount of time.
Mari Carmen Guzman in Paiport, Valencia recalled how her home was submerged and said the situation remains dire.
"The storm caught me in the street. Right there, one block from here. You can't imagine the intensity of the rain that day. I had just enough time to make it home and close the door. But the water started to enter very quickly. And the water submerged the house right away. By chance I could go to the upper floor with my dog, and without electricity. Everything was in the dark. For two or three days we had neither lights nor water. It was very rough. Now the street lights have been restored," said Mari Carmen Guzman.
As rescue and relief efforts have poured in from all over the country, those affected by the deadly floods remain hopeful for the future.
"I am in a very dire situation. I am helpless, I am alone. And there's a lot of chaos around here in Paiporta. But, step by step, we will try to overcome this and go forward," said Leo Parra Nieves, a pensioner.
"[We do not have] gas to cook. We do not have hot water either. Everyone hopes nothing terrible would happen to them. But there are a lot of damaged villages. This area was the beginning. The storm began here, but I know there are other towns in dire situation too. We are happy that nobody is dead in our family. The rest can be fixed. All the volunteers here, there are many as you can see, there are 40 or 50, they are working to pump water out of the parking lots. They come from all around Spain. They help us, asking for nothing in return," said another resident.
Volunteers involved in the rescue efforts mentioned that the sewage treatment system had collapsed, streets were covered with mud and broken furniture, and the rescue was hindered by shortage of both manpower and equipment.
"There's much to be done. We lack hands, and also machines, heavy machines, because we have to get rid of all this water. But the sewage system has collapsed. It's impossible to pump out all this water. We take it out from the parking lots to the streets," said a local policeman in Granada, who is also chief of local civil protection.
"What we are mainly doing is clearing mud in houses. And also getting rid of damaged furniture. Now we are waiting for machines to remove all the mud and furniture in the streets to be able to go on emptying the houses," said a volunteer.
Water submerges house right away: residents recall
