China sees enterprises' credit levels rise

Visitors gather at Pop Land, Pop Mart's first theme park, in Beijing on Sept 26, 2023. (GAN NAN/FOR CHINA DAILY)

The credit level of Chinese enterprises rose slightly in October, with the credit index standing at 158.83 points, an increase of 0.47 points from September, according to the State Administration for Market Regulation on Tuesday.

The nation's top market regulator said that the credit level of enterprise in all provincial-level regions showed a month-on-month slight upward trend in October.

Beijing re-takes first place in the enterprises' credit index ranking among provincial-level regions in October, followed by the provinces of Anhui, Jiangsu, Zhejiang and Shaanxi.

Moreover, the credit index by industry has recovered steadily in October, which is compared with the figure in September. The index in the accommodation and catering industry showed the largest increase.

The Chinese enterprises' credit index was released for the first time in 2023, which aims to provide support for the construction of a unified national market, an improved business environment, as well as the establishment and improvement of a new credit-based regulatory mechanism.