Home >

Individual Businesses Increase "Fireworks" As A Vivid Footnote To Economic Recovery

2023/5/29 13:00:00 0

　　 Since this year, with the rapid and steady transition of prevention and control, the order of production and life has been restored in an all-round way, the policy of stable growth has continued to be effective, and the "pyrotechnic gas" of people's life represented by individual businesses has returned rapidly, radiating strong vitality.

　　 According to the data released by the General Administration of Market Supervision on May 22, 5.03 million individual businesses were newly established in the first quarter of this year, up 14.3% year on year. By the end of the first quarter, 116 million registered self-employed businesses nationwide, accounting for two-thirds of the total number of business entities, have become an important support for improving people's livelihood, promoting employment and enhancing economic resilience.

　　 Individual businesses are the foundation for stable growth

　　 "Reservoir" for solving employment

　　 At the same time, this data also shows that China's market economy system has been constantly improved, private economy has developed rapidly, and small and micro economy and service industry have been actively promoted. With the increase in the number of market players, market competition is also gradually intensifying, which helps to promote market vitality and economic growth. At the same time, the increase in the number of self-employed businesses reflects the continuous improvement of China's entrepreneurial and innovation environment and the effectiveness of the government in optimizing the business environment.

　　 With small scale and flexible operation, individual businesses are connected with the livelihood of practitioners and social pyrotechnics at one end, which is the foundation for stable growth and the "reservoir" for employment.

　　 In recent years, with the vigorous development of new technologies, new industries, new formats and new models, "new individual economies" such as webcasts, WeChat and e-commerce have emerged, injecting new vitality into China's economic transformation and upgrading. As of the end of the first quarter, 35.154 million self-employed businesses registered in the "four new" economy nationwide had increased from 24.9% in 2019 to 30.2%.

　　 Qiao Xinsheng, a professor at Zhongnan University of Economics and Law, believes that there are many reasons why individual businesses are thriving. First of all, the market environment in China has changed. With the merger and reorganization of enterprises, the number of jobs has decreased. Many new workers entering the market choose individual businesses as the main business. On the one hand, they can realize their own value, and on the other hand, they can expand employment channels. Secondly, China's tax system is in a critical period of reform. The differences in tax systems have made more and more people register individual businesses to reduce their tax burden with the help of this most basic market operator.

　　 As people have seen, some public figures, especially some movie stars, appear as self-employed businesses and enjoy preferential tax treatment for self-employed businesses by registering their own studios. Those broadcasting personnel emerging in the development of e-commerce regard individual businesses as their own business entities. The reason why they do so is very simple. Individual businesses in China enjoy tax relief policies. 　　

　　 Reduce the tax burden on market operators

　　 It is essential to realize Chinese style modernization

　　 Light corvee and light taxes should become the direction of China's tax reform. From the perspective of economic recovery, structural adjustment and continuous improvement of people's lives, it is crucial to reduce the tax burden on market operators to achieve Chinese style modernization.

　　 First of all, the country should study the beneficial experience of the development of individual businesses in China as soon as possible to significantly reduce the tax burden on enterprises. At present, China implements a series of tax relief policies for small and medium-sized enterprises and micro enterprises. These policies are effective and can be comprehensively promoted. The tax policy for individual businesses has played a key role in promoting economic development. The State Council may consider submitting a draft of the law to the Standing Committee of the National People's Congress, which, on the basis of full research, will significantly reduce the tax burden on market operators in an all-round way. If we can reduce enterprise value-added tax, income tax and further reform individual income tax, we can not only reduce the system gap in our tax system, but also fully learn from the experience of the implementation of preferential tax policies for individual businesses to accelerate the pace of economic recovery and development.

　　 Secondly, supporting the development of individual businesses is not an expedient measure. In today's personalized consumption, encouraging entrepreneurs to apply to become self-employed businesses can not only stimulate their entrepreneurial enthusiasm, but also, more importantly, meet personalized consumption needs. In the era of digital economy, everyone is a data developer and data owner. Encouraging the application for self-employed businesses can promote the "micro cycle" of the economy and enable more citizens to reflect their value in their work. The important reason why the State promulgated and implemented the Regulations on Promoting the Development of Individual Businesses is that individual businesses can solve the employment problem, meet the living needs of residents, reduce the tax burden of operators, and fully meet the personalized development needs of the digital economy era. Individual businesses do not need a large number of intermediaries, complicated accounting and cashier management, or complicated tax declaration. Individual businesses can stimulate the labor enthusiasm of workers to the greatest extent and provide sufficient imagination for the birth of a new economy. Facts have proved that many new business models and growth points were conceived by individual businesses. Only by reducing organizational costs and giving full play to the imagination of market operators can China's digital economy continue to upgrade.

　　 "The self-employed businesses are small in scale, flexible in operation, and quickly regained vitality after the epidemic, which has played an important role in facilitating people's lives and unblocking the economic micro cycle." The relevant person in charge of the Market Supervision Administration said that the next step will be to take effective measures to promote the high-quality development of self-employed businesses, implement targeted assistance by type and classification, increase the exploration of "individual to enterprise", encourage Support and guide the sustainable and healthy development of individual businesses.

　　 Fireworks in the world are the most popular. Individual businesses are an important part of China's market economy, a "capillary" of economic development, and a powerful force to promote high-quality economic and social development. At present, the number of self-employed businesses in China has reached 116 million, especially in the first quarter of this year, when the newly established self-employed businesses achieved "double-digit" growth, which is a vivid footnote to the strong resilience, vitality and energy of China's economy.

　　 It is expected that with the support of various policies, 116 million self-employed businesses can enhance their confidence in development, and cultivate themselves into small, beautiful, professional and refined brands, so that "small people" can grow both "big" and "good", and then burst out more energy to provide strong support for high-quality economic development.