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China at this time has about 1,000 companies whose annual revenue has surpassed 10 billion yuan, data from the China Enterprise Confederation showed. As the Chinese economy is transforming from rapid growth to high-quality development, more "10 billion yuan" level enterprises are needed to lead in industrial progress, Yao added.
China has overtaken the United States as the world's largest green-bond issuer. Last year, the country issued over billion green bonds, or roughly 33 percent of the billion total issuance value, accounting for 65 percent of issuance value growth year-on-year in 2016, according to a report released by Bank of America Merrill Lynch in March.
China has become a globally recognized fertile ground for innovation and business ventures, said the report.
China has more than 7,500 registered charity organizations, with net assets totaling about 160 billion yuan (.6 billion), according to statistics released by the Ministry of Civil Affairs in 2019.
China has announced measures to cut the social insurance contribution of businesses as part of its efforts to reduce the burden of companies and boost market vitality. [Photo/IC]
来源：资阳报