Guangdong: Guangdong Sees Robust Growth of High-tech Firms

Source: Xinhua

South China's Guangdong province saw robust growth of high-tech firms last year with heavy investment during a national innovation drive.

The number of high-tech companies in Guangdong's Pearl River Delta region, a manufacturing center, reached 18,880 in 2016, up 78.8 percent over 2015, according to data released at a provincial innovative development conference held Tuesday.

Government investment in science and technology in the delta region soared 88 percent.

The number of high-tech firms neared 20,000 in Guangdong last year, ranking the first nationwide, said the provincial government. It aims for an increase of about 3,000 high-tech firms this year.

Boosted by the innovation-driven model, the number of invention patent applications in Guangdong also increased by 50 percent last year.