After 40 years of development, Bao’an has gradually become a highland for high-end and intelligent manufacturing, innovative enterprises and globally-influential talent.
At present, a modern industrial cluster is taking shape in Bao’an, with strategic emerging industries positioned at the forefront and driven by the IT industry, supported by the pillars of the equipment manufacturing and other traditionally-advantageous industries, and upheld by the high-end services industry.
At present, the district ranks first in Shenzhen in the number of large-scale companies with six industrial enterprises each contributing an output of more than 10 billion yuan (US$1.47 billion), 14 contributing between 50 and 100 billion yuan, 96 contributing between 10 and 50 billion yuan, and 2,869 enterprises exceeding the established output-contribution scale.
Bao’an’s roster also boasts 70 Fortune 500 enterprises, 36 listed companies, 146 firms listed on the New Third Board and more than 200 companies preparing for listings. There are also 3,030 State-level high-tech enterprises housed in Bao’an, the most of any district in Guangdong Province.
In 2017, the district’s gross domestic product (GDP) was 344.8 billion yuan, ranking it the fifth among the top 10 districts in terms of GDP in Guangdong Province.