Rank #8 of 31 · Registrations through 2023; later records not included.
2,772,462Active companies
308,136Reg. capital ≥ ¥10M
86,877≥10 insured staff
15.5%3-yr registration CAGR
New registrations by year
9w
14
11w
15
17w
16
19w
17
22w
18
25w
19
28w
20
31w
21
32w
22
44w
23
Industry structure · 20 sectors
Sector
Companies
Share
LQ*
Manufacturing
559,247
20.2%
1.2
Wholesale & Retail
557,564
20.1%
1.13
Construction
330,799
11.9%
1.21
Agriculture & Fishery
210,225
7.6%
1.0
R&D & Technical Services
201,806
7.3%
0.9
Leasing & Business Services
197,353
7.1%
0.81
IT & Internet
142,780
5.1%
0.71
Culture, Sports & Entertainment
95,492
3.4%
0.82
Transport & Logistics
89,420
3.2%
1.07
Real Estate
85,448
3.1%
1.12
Resident Services & Repair
54,805
2.0%
1.1
Education
53,831
1.9%
1.12
Hotels & Catering
41,003
1.5%
0.77
Finance
33,377
1.2%
0.68
Utilities
30,946
1.1%
1.11
Health & Social Work
30,619
1.1%
0.87
Environment & Utilities Mgmt
27,768
1.0%
0.86
Mining
14,644
0.5%
0.97
*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: Construction (LQ 1.21) · Manufacturing (LQ 1.2)
Markedly thinner: Finance (LQ 0.68) · IT & Internet (LQ 0.71) · Hotels & Catering (LQ 0.77)
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.