(MENAFN) Official data showed that the number of newly established firms continued to surge on the back of government efforts to streamline the process for starting a business, Xinhua reported.
About 348,200 new companies were registered in January, up 37.74 percent year on year, statistics from the State Administration for Industry and Commerce showed.
Notably, the number of newly registered firms in the tertiary industry surged 41.61 percent to 280,100, accounting for 80.44 percent of new companies, the data showed.
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