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China Outstrips Rest of the World in Creating Startups, Report Shows

Nov 23 , 2015

With its economy slowing down, China is re-inventing itself as the next Startup Nation.

A new report by UHY International, an accounting and consultancy firm based in London, unveiled data showing China is in pole position when it comes to entrepreneurship, spawning 4,000 new businesses a day.

Since 2010 — when its economy was roaring at a rate of 10 percent — China has doubled the number of startups to 1,609,700 in 2014.  The U.K. lagged a distant second.


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