Average closing time of China company.

On average, two companies go out of business every minute in China. According to relevant data, about 1 10,000 enterprises close down every year in China, with an average of 2 enterprises closing down every minute. The average life cycle of more than 80 million small and medium-sized enterprises is only 2.9 years, less than 7% survive for more than 5 years, and less than 2% survive for more than 10 years.