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Shenzhen stays top for startups

Shenzhen’s number of newly registered companies jumped 10.4% in the first six months as the city kept its pole position in China for startups. From January to June, there were 258,449 newly registered commercial entities in the city. According to the official resident population of 17.5601 million, the city has 208.6 commercial entities and 131.5 enterprises per thousand people, No. 1 in the country.

Newly registered commercial entities were concentrated in the services industry, accounting for more than 90% of the total. Among strategic emerging industries, there were 17,074 registrations of “new generation information technology” companies, a year-on-year increase of 82.3%; 4,490 in digital economy (+63.6%); 3,319 in high-end equipment manufacturing (+58.1%); and 84 in the Marine Economy (+68.0%).

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