Rank #11 of 31 · Registrations through 2023; later records not included.
2,223,369Active companies
428,032Reg. capital ≥ ¥10M
124,944≥10 insured staff
24.3%3-yr registration CAGR
New registrations by year
10w
14
12w
15
12w
16
11w
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12w
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13w
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15w
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21w
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23w
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29w
23
Industry structure · 20 sectors
Sector
Companies
Share
LQ*
R&D & Technical Services
695,236
31.3%
3.85
Wholesale & Retail
314,413
14.1%
0.79
Leasing & Business Services
269,907
12.1%
1.39
Culture, Sports & Entertainment
263,625
11.9%
2.83
Construction
121,157
5.4%
0.55
IT & Internet
107,447
4.8%
0.66
Manufacturing
90,396
4.1%
0.24
Hotels & Catering
75,768
3.4%
1.77
Real Estate
54,513
2.5%
0.89
Resident Services & Repair
44,019
2.0%
1.11
Transport & Logistics
36,591
1.6%
0.54
Finance
27,025
1.2%
0.68
Environment & Utilities Mgmt
22,867
1.0%
0.89
Education
22,624
1.0%
0.59
Health & Social Work
20,177
0.9%
0.71
Agriculture & Fishery
16,995
0.8%
0.1
Utilities
8,751
0.4%
0.39
Mining
1,764
0.1%
0.15
*LQ (location quotient) = provincial share ÷ national share. >1.2 markedly denser than national average, <0.8 markedly thinner. An arithmetic ratio, not a rating.
Where in China should we go? — here is what the registrations say:
Sectors markedly denser than the national average: R&D & Technical Services (LQ 3.85) · Culture, Sports & Entertainment (LQ 2.83) · Hotels & Catering (LQ 1.77) · Leasing & Business Services (LQ 1.39)
Markedly thinner: Manufacturing (LQ 0.24) · Transport & Logistics (LQ 0.54) · Construction (LQ 0.55) · Education (LQ 0.59) · IT & Internet (LQ 0.66)
Sourcing: high-LQ sectors mean dense supply — more candidates, more room to compare
Market entry: low-LQ sectors mean fewer local rivals — but a thinner ecosystem; check up/downstream before committing
Next: pull the provincial company list for your target sector, then screen candidates one by one (Find Manufacturers / supplier screening)
Arithmetic presentation of registration data with procedural next steps — not investment or site-selection advice.