China's number of companies in core industries of digital economy exceeds 4.5 million - Chinese report

On the 23rd, the State Administration for Market Regulation of China announced that based on statistical data from the National Organization Unified Social Credit Code Data Service Center, as of November 30, 2024,
The total number of heart industry companies reached 4,574,100 in 2020, up 17.99% from the end of 2023, showing rapid growth.
By industry, the digital technology application industry increased by 17.60% to 2,166,900 companies, while the digital element-driven industry increased by 19.64% to 2,166,900 companies.
The digital product services industry increased by 16.70% to 236,300 companies, and the digital product manufacturing industry increased by 8.92% to 208,200 companies.
By region, Guangdong Province saw an increase of 16.68% to 753,500 companies, accounting for 16.47% of the total, followed by Zhejiang Province with 440,400 companies (2.2%).
China's digital economy is expected to grow 1.8% in 2019, up 1.31% from 2016 to 2022, followed by Shandong Province with 400,300 companies (up 14.69%). The rapid increase in core industry enterprises is accelerating the construction of China's digital economy development system.