Dongguan has 1.5+ million market entities 全省地级市第一！东莞实有市场主体超150万户

截至4月15日，东莞实有市场主体150.27万户，居全省地级市第一。新兴产业有望成为东莞经济的新增长点。

Although the epidemic has brought certain pressure on the production and operation of enterprises, Dongguan's economic performance in all aspects is still resilient. The data released by the Dongguan Administration for Market Regulation showed that as of April 15, there were 1.5027 million market entities in Dongguan, representing a 10.89 percent increase from the same period of last year. 

In the first quarter of 2022, Dongguan saw 711 new market entities on average every day. The total volume of market entities in Dongguan accounts for around 10% of that in the entire province and 1% of the country, respectively, making the city rank first among prefecture-level cities of Guangdong.

From the perspective of industrial structure, Dongguan has 174,600 market entities, a year-on-year increase of 12.8%, in five major pillar industries, which are the electronic information manufacturing industry, electrical machinery and equipment manufacturing industry, textile, clothing, footwear and hat manufacturing industry, food and beverage processing manufacturing industry, and paper-making and paper products industry. The figure accounts for about 55.87% of the manufacturing market players. 

Among them, the standouts were emerging industries represented by biology, new energy, and new materials. In the past six months, those industries have had an average of 1,367 new players every month, reaching 71,400 market entities. The rate was up 19.85% year-on-year, 8.96 percentage points higher than the city's market players' average growth rate.

The emerging strategic industry has become a hot sector for investment. From January to February, the total investment in fixed assets in Dongguan rose by 9.2% year on year. Industrial investment increased by 38.8%, of which investment in the manufacturing business soared by 45.9%. At the recent commencement ceremony of major projects in Dongguan in the second quarter, 42 major projects with a total investment of about 52.9 billion yuan have begun construction, including projects by JD.com and Huawei. Dongguan is expected to complete investments of 120 billion yuan this year.

The commencement ceremony of major projects in Dongguan in Q2.

Lin Jiang, a professor at the Department of Economics of Lingnan College of Sun Yat-sen University, said that the growth of market players against the economic downtrend showed that investors are optimistic about Dongguan's development prospects. Despite uncertainties due to the epidemic, Dongguan's economy has repeatedly demonstrated its resilience in all aspects, which should be attributed to its industrial layout. Dongguan has fostered new growth drivers and vigorously developed strategic emerging industries in recent years. Emerging industries have begun to play a role in driving the economy and are expected to become a new growth point for Dongguan's economy.

Edited and posted by Ashley

Proofread by Stephen

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