Rank #4 of 31 · Registrations through 2023; later records not included.
3,952,407Active companies
571,472Reg. capital ≥ ¥10M
267,236≥10 insured staff
12.2%3-yr registration CAGR
New registrations by year
13w
14
14w
15
19w
16
25w
17
29w
18
36w
19
38w
20
44w
21
44w
22
54w
23
Industry structure · 20 sectors
Sector
Companies
Share
LQ*
Manufacturing
1,102,892
27.9%
1.66
Wholesale & Retail
716,615
18.1%
1.01
IT & Internet
345,785
8.7%
1.2
Leasing & Business Services
333,764
8.4%
0.96
R&D & Technical Services
278,774
7.1%
0.87
Construction
229,614
5.8%
0.59
Culture, Sports & Entertainment
187,256
4.7%
1.13
Agriculture & Fishery
102,360
2.6%
0.34
Transport & Logistics
102,138
2.6%
0.85
Real Estate
86,951
2.2%
0.8
Finance
80,472
2.0%
1.14
Resident Services & Repair
69,536
1.8%
0.98
Education
65,717
1.7%
0.96
Hotels & Catering
65,574
1.7%
0.86
Environment & Utilities Mgmt
40,800
1.0%
0.89
Health & Social Work
36,307
0.9%
0.72
Utilities
34,006
0.9%
0.85
Mining
6,493
0.2%
0.3
*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 1.66) · IT & Internet (LQ 1.2)
Markedly thinner: Agriculture & Fishery (LQ 0.34) · Construction (LQ 0.59) · Health & Social Work (LQ 0.72) · Real Estate (LQ 0.8)
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.