Luohu eyes opportunities in high-tech industries
Luohu has always prioritized the development of its finance, commerce, commercial service and gold and jewelry industry.
According to the Luohu government, the financial sector is the largest industry in the district, and its overall assets located in the district account for about one third of Shenzhen’s total. And nearly 40% of Luohu’s gross domestic product comes from the sector.
Boasting one of the largest agglomerations of gold and jewelry industries in China, Luohu has more than 6,000 gold and jewelry enterprises, and their total sales revenue each year exceeds 100 billion yuan ($15.43 billion).
The Dawutong emerging industrial belt in Luohu is a key development zone. It has attracted more than 40 high-tech enterprises, and is expected to have more than 500 in the future, generating total production revenue of 130 billion yuan every year. The zone will also be an experimental field for the district government to carry out pro-business and pro-innovation policies.
The Luohu district government tries its best to secure more land from urban renovation projects so as to attract new investment, high-technology projects and enterprises.
Several large-scale state-owned enterprises have decided to build their headquarters in the district thanks to its ideal business environment.
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