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  • City sees more firms in emerging industries

    Writer: Wang Jingli  |  Editor: Stephanie Yang  |  From: Shenzhen Daily  |  Updated: 2020-09-23

    The number of newly registered companies in Shenzhen in strategic emerging fields, such as new information technology, digital economy and marine economy, grew by over 40 percent from a year earlier by the end of August, according to data released by the Shenzhen Municipal Market Supervision and Regulation Bureau.

    “In August alone, we saw 3,269 newly registered enterprises in the city’s seven strategic emerging industries, up 41.6 percent year on year,” said Zhong Xin, deputy director of the city’s enterprise registration bureau.

    The year-on-year growth rates of the number of firms in new information technology, digital economy, marine economy, high-end equipment manufacturing and new materials are 44.5 percent, 58.2 percent, 75 percent, 31.5 percent and 22.7 percent, respectively, according to Shenzhen Special Zone Daily.

    By the end of August, there were some 3.45 million business entities in Shenzhen, up 9 percent year on year.

    The new enterprises are mainly located in Longgang, Bao’an, Futian, Longhua and Nanshan districts.

    Newly registered foreign-funded companies are mainly registered in Futian and Nanshan districts, accounting for 59.4 percent of the total foreign-invested firms in the city.

    The newly registered business entities are mainly from the tertiary industry and high-end service industry such as retail businesses, dining, accommodation and business services.

    In July, the number of the city’s tertiary industry companies accounted for 95 percent of the total, according to Lai Liying, deputy director of the city’s enterprise registration bureau.

    Guo Lei, an industry development consultation expert, suggested the government issue related industry support policies to enable the city to become an incubator for the development of the country’s strategic emerging industries.

    The city’s seven strategic emerging industries are new information technology, high-end equipment manufacturing, green and low-carbon technology, biomedicine, digital economy, new material and marine economy.?


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