Longgang District ranks No. 5 among the top 100 districts of cities in China, according to the report of the White Paper on High-quality Economic Development in China’s Urban Areas in 2021 and CCID Top 100 Strong Districts in 2021 released by CCID Consulting on its official website Aug. 17.

CCID Consulting is reportedly the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange of Hong Kong.

The report showed Nanshan District topped the list for the fourth straight year. Guangzhou’s Tianhe District and Shenzhen’s Futian District came in second and third on the list, while Longgang District and Bao’an District took the fifth and eighth place, respectively. Among the top 10, eight are in Guangdong Province.

The report used statistical data to select the top 100 districts in China, adopting 23 indicators to evaluate the development of 906 districts of prefecture-level cities (excluding municipalities directly under the Central Government, Hong Kong, Macao and Taiwan) from five categories including economic strength, growth potential, internal support, energy scale and development.

In 2020, Longgang’s GDP was 474.45 billion yuan. The added value of its industrial enterprises above designated size reached 278.46 billion yuan. The total fixed assets investment was 132.18 billion yuan. The total consumer goods retail sales reached 127.01 billion yuan. The total tax revenue reached 69.06 billion yuan, with an increase of 6.8 percent. The general public budget revenue was 27.04 billion yuan, up by 11.6 percent.

Since CCID Consulting released such a report in 2018, Longgang District has ranked among the top five in the list of top 100 strong districts in China for four consecutive years, which reflects the stable and strong economic development of the district.

During the 13th Five-Year Plan period, Longgang saw great improvement in its comprehensive strength, with an annual increase of 8 percent in GDP, exceeding 300 billion yuan and 400 billion yuan in succession. The average annual growth of the added value of industrial enterprises above designated size reached 10.6 percent.

Longgang is home to one enterprise with a value worth over 100 billion yuan and four enterprises with value worth over 10 billion yuan. The number of commercial entities has increased from 325,000 to 741,000. The number of patent applications maintained an average annual growth of 20 percent. Its PCT application accounted for one-third of the city’s total.