10.59

Million private firms

As of September last year, more than 10.59 million private enterprises were registered in China, an increase of 12.6 percent year-on-year, according to Wang Qinmin, chairman of the All-China Federation of Industry and Commerce on Friday. The registered capital of the enterprises reached 29.8 trillion yuan ($4.7 trillion), a year-on-year rise of 21.3 percent, a report by the federation showed.