Latest News:  
Beijing   Cloudy    30 / 20   City Forecast

Home>>China Business

China to establish national economy registration database


16:41, August 19, 2011

Edited and Translated by Han Shasha, People's Daily Online

China's industry and commerce administration system will establish the world's largest "national economy registration database" in three years to strengthen credit constraint mechanisms.

Statistics from China's Ministry of Commerce show that direct and indirect economic losses of Chinese enterprises due to lack of credit have reached 600 billion yuan each year.

Zhou Bohua, director of the State Administration for Industry and Commerce said that enterprise credit will greatly impact the security of the transactions and trade order. So China will establish the "national economy registration database" on the basis of corporate database in three years. It will further promote information sharing and collaboration among different government organs and advance the administration over the enterprises. Once the database is established, the public can search for the registration information of the enterprises on the Internet.

In 2003, the State Administration for Industry and Commerce started to supervise and administrate the enterprises according to different databases, including a market players database, a database for the enterprises whose business license have been revoked and a natural person invested one-person limited corporation database. And the State Administration takes strict measures against legal representatives for the enterprises that are listed on the "blacklist."

Up to the end of the first half of this year, nearly 12 million enterprises, over 36 million individually-owned businesses and over 400,000 farmers' professional cooperatives in China have been registered.


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. 300-year-old horse race festival kicks off in Tibet

  2. Statue of Liberty to get renovation

  3. China cruises to win at volleyball Grand Prix in Hong Kong

  4. Cute pair: a half-month-old mandrill holds a monkey doll

Most Popular


  1. Government must meet public demand for openness
  2. 'Special Hong Kong' is wish of Chinese society
  3. People's indifference appalling
  4. Joe Biden's visit more than a courtesy call
  5. China needs caution in drive to up gold reserves
  6. China has right to own aircraft carriers
  7. China, US should boost world's confidence

What's happening in China

Distrust swirls around charity. Lu Xingyu, executive chairwoman of the China-Africa Project Hope, has been under public scrutiny...

  1. Palace Museum admits human error in damage of three antiques
  2. China to construct museum highlighting history of overseas Chinese
  3. Second-generation Chinese a "model minority" in Netherlands

PD Online Data

  1. The Li ethnic minority
  2. The Jingpo ethnic minority
  3. The Gelo ethnic minority
  4. The Drung ethnic minority
  5. The Dong ethnic minority