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On August 18, Du Linya, head of the Registration Bureau of the General Administration of Market Regulation, said at the press conference of the State Information Office that individual businesses were the largest number of operators in the sinking market. As of the end of July this year, the number of registered individual businesses compared to the number of enterprises in the sinking market was 209:100, significantly higher than 85:100 in Tier 1 and 2 cities. The number exceeded 78 million, of which more than 86% were engaged in the service-related industry.
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On August 18, Du Linya, head of the Registration Bureau of the General Administration of Market Regulation, said at the press conference of the State Information Office that individual businesses were the largest number of operators in the sinking market. As of the end of July this year, the number of registered individual businesses compared to the number of enterprises in the sinking market was 209:100, significantly higher than 85:100 in Tier 1 and 2 cities. The number exceeded 78 million, of which more than 86% were engaged in the service-related industry.
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