From January to October this year, the number of newly established enterprises in the city reached 245,200, representing a year-on-year growth of 19.74 percent.

The steady increase in the number of newly established enterprises is attributed to the continuously optimized business environment. Throughout this year, Beijing Municipal Administration for Market Regulation has focused on the needs of business entities and leveraged the reform of Beijing's business environment version 6.0 to drive the optimization and upgrade of the business environment. This effort aims to support the high-quality development of enterprises, achieving a series of nationally leading reform outcomes. 

(Source: Beijing Daily)