Nanshan District is a well-known economic, science and technology, and innovation powerhouse in Shenzhen and in the country. Its total economic output reached 856.6 billion yuan (US$119.6) in 2023, ranking first among all districts (counties) in Guangdong Province. Its comprehensive strength has ranked first among China’s top 100 districts for six consecutive years. The district is home to over 590,000 market entities, and has 214companies listed domestically and internationally, 162 headquarters enterprises, and 5,013 national high-tech enterprises.