Rank #1 of 31 · Registrations through 2023; later records not included.
8,009,682Active companies
836,237Reg. capital ≥ ¥10M
313,110≥10 insured staff
10.2%3-yr registration CAGR
New registrations by year
30w
14
36w
15
42w
16
53w
17
62w
18
68w
19
84w
20
91w
21
87w
22
112w
23
Industry structure · 20 sectors
Sector
Companies
Share
LQ*
Manufacturing
1,942,896
24.3%
1.44
Wholesale & Retail
1,509,840
18.9%
1.06
R&D & Technical Services
727,794
9.1%
1.12
Leasing & Business Services
712,760
8.9%
1.02
IT & Internet
651,072
8.1%
1.11
Construction
404,686
5.1%
0.51
Culture, Sports & Entertainment
297,730
3.7%
0.89
Real Estate
259,727
3.2%
1.18
Transport & Logistics
234,790
2.9%
0.97
Finance
198,375
2.5%
1.39
Hotels & Catering
174,131
2.2%
1.13
Agriculture & Fishery
154,256
1.9%
0.25
Health & Social Work
121,412
1.5%
1.19
Education
85,399
1.1%
0.62
Resident Services & Repair
81,156
1.0%
0.57
Environment & Utilities Mgmt
75,582
0.9%
0.81
Utilities
57,612
0.7%
0.71
Mining
17,972
0.2%
0.41
*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: Manufacturing (LQ 1.44) · Finance (LQ 1.39)