As one of the youngest administrative districts in Shenzhen, Longhua, with an area of 176 square kilometers and a population of over 3 million, is an important engine for the industrial development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Two world-class electronic information giants, Huawei and Foxconn, are located on the east and west side of Meiguan Expressway, with a combined output value of over 1 trillion yuan. The Shenzhen North Railway Station Business District and Jiulongshan Intelligent Technology Town are approved as key development areas in Shenzhen, showing tremendous potential. Longhua boasts a strong real economy with a sound industrial structure, in which an export-oriented and electronic information-backed development pattern has taken shape. In 2022, its regional GDP grew by 3.1 percent.

Specifically, fixed-asset investment and total retail sales of consumer goods both exceeded 94.1 billion yuan; the added value of industrial enterprises above designated scale increased by 6.6%; its total imports and exports hit 477.3 billion yuan. Ranking 11th among China’s Top 100 Industrial Districts, Longhua has attracted investment from 80-plus Fortune Global 500 companies, and is home to 19,000 industrial enterprises, including 375 with an output value of over 100 million yuan, 38 of over 1 billion yuan, and eight of over 10 billion yuan. Brand enterprises include Foxconn, Meituan, Fuji Xerox, CR Sanjiu, and Winner Medical, to name a few.