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Guangzhou emerging as innovation powerhouse

| 2017-07-20
(Chinese Social Sciences Today)

On July 6, the Guangzhou Academy of Social Sciences and the Social Sciences Academic Press published a blue book on Guangzhou’s progress in developing innovative enterprises and industries last year. By the end of 2016, 4,742 new high-tech enterprises had been approved, up about 150 percent year-on-year. The majority of them were engaged in the electronic information industry. Guangzhou had more than 9 million 4G users, the most in the country. Its import and export of cross-border e-commerce reached more than 14 billion yuan, accounting for more than 29 percent of China’s total and ranking first among provinces, municipalities and autonomous regions. Moreover, enterprises’ invention patent applications accounted for more than half of Guangzhou’s total.