Guangdong will create a national quality innovation pilot zone to expand institutional opening up such as “Bay Area Certification” Guangdong to focus on stimulating greater market vitality and striving to create a first-class business environment. “Four New Economy” companies accounted for 32.9% of the total number of companies in China in 2023.
On average, out of every 7 companies, 1-to-1 is in Guangdongs, and the "four new economy" companies account for 32,000 households.