Just how many companies in China are there exactly?We’ve been asked this question a few times and decided to go and find out.
Given that China has a population of over 1.3 billion we knew that it would be a large number. Happily, answering the question proved to be easier than we thought.
Officially all companies in China must register with the AIC- from small noodle restaurants to monolithic state owned enterprises.
There are many different forms of companyregistrationin Chinaand it is important to understand that this figure does include sole traders (个体户 Pinyin:Gètǐhù).
We are only counting companies registered in Mainland China – Hong Kong and Taiwan have separate company registration systems.
Number of Companies in China is Increasing, Fast!
Honestly, the fact that China has ~77 million companies didn’t surprise us.
The figures that really caught our attention were those aboutthe rising number of companies in China, which is growing at a rate of 11.8% per year.
On average during 2015 there has been anastonishing 12,000 new companies being registeredeach dayin China. This equates to over 4 million new companies per year!
The AIC defines small businesses as those with a registered capital of less than 20 million yuan.
Of the ~12,000 companies which are currently being registered on a daily basisthis year, it was reported that 96.62% fitthis criteria.
How Many Foreign Companies in China?
According to the this report by the Ministry ofCommerce, there were836,595 companies with foreign direct investment registered in Mainland China by the end of 2015. This includes WFOEs and Joint Ventures.
The company registration systems for Mainland China and Hong Kong are entirely separate so the figure above doesn’t include Hong Kong-registered companies.
In addition to the ~77 million companies registered in Mainland China, there are 1,341,223 companies registered in Hong Kong (as of December2016)
Companies in Taiwan are registered by Taiwan’s Department of Commerce and numbered 675,129 when we wrote this article.
You can actually check the number of companies and the number of trademarks registered in real time on the header of the departments Chinese-language homepage.
At the end of 2022, around 169 million market entities were registered in China, of which 52.8 million were enterprises. The number of corporate enterprises that have their own legal entity reached 32.8 million in 2022.
Total number of Chinese companies on Fortune Global 500 List drops first time in 15 years. (ECNS) -- The Fortune Global 500 list for 2023, released Wednesday, revealed that 135 companies were from the Chinese Mainland and Hong Kong, one less than the previous year, the first drop in 15 years.
China's biggest company, the utility giant State Grid, is the third-largest company by revenue globally, trailing only Walmart and Saudi Aramco. State Grid holds the title of the largest utility company globally. In 2022, it reported 871,145 employees and served 1.1 billion customers.
As of the end of 2022, data indicates the operation of around 5,000 Chinese-owned companies in the United States, spanning diverse industries such as technology, manufacturing, finance, and real estate.
Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy. The headquarters of the electric utility company State Grid in Beijing.
Number of Fortune 500 companies worldwide 2000-2023, by country. From 2000 to 2019, the United States had more Fortune 500 companies than any other country. In 2020, the U.S. was surpassed by China, where 124 companies were reported, compared to 121 U.S. companies.
The country's services sector is propelling its economic output followed by manufacturing and industry, with agriculture rounding out the list of top three sectors. China is one of the world's largest exporters and importers in the world.
Unemployment Rate in China decreased to 5 percent in April from 5.20 percent in March of 2024. Unemployment Rate in China is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
The Coca-Cola system has 46 bottling factories in China (including one in Guizhou province under construction) as of mid-January 2022. The Coca-Cola system today employs more than 49,000 people in China, 99% of whom are local hires.
The richest Chinese billionaire for the fourth year in a row is bottled water and tea magnate Zhong Shanshan, the founder of Hong Kong-listed firm Nongfu Spring.
This matters for the debate over which of the US or China has the larger economy because, measured at market exchange rates, US GDP is still around 40% larger than that of China. (See Chart 1.) But when measured at PPP exchange rates, China's economy overtook that of the US in 2016 and is now about 20% bigger.
American companies operating in China saw improved profits last year, though slightly less than half expect to be profitable in 2024. Still, many members of the American Chamber said they were more optimistic about growth of China's own economy.
Number of listed companies in China reaches 5,346 by end of 2023. BEIJING, Feb. 3 -- The number of listed companies on the Chinese domestic stock market reached 5,346 by the end of 2023, according to the China Association for Public Companies.
By conventional measures, China has 391,000 state-owned enterprises (SOEs), but new analysis of state ownership among all 40 million registered firms in China finds that 363,000 firms are 100% state-owned, 629,000 firms are 30% state-owned, and nearly 867,000 firms have at least some state ownership.
Introduction: My name is Van Hayes, I am a thankful, friendly, smiling, calm, powerful, fine, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
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