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| A total of 5.03 million self-employed businesses were newly set up in China in the first quarter of 2023, up 14.3 percent year on year, China's top market regulator said Monday. |
| As of the end of the first quarter, the country's registered self-employed businesses had reached 116 million, accounting for two-thirds of China's total business entities, according to the State Administration for Market Regulation. |
| New self-employed businesses in the cultural, sports and entertainment sectors registered the fastest year-on-year growth of 39 percent in the first quarter, the regulator said. |
| The administration will take effective measures to promote the high-quality development of the businesses, it said. |
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