Guangzhou's private economy continues to drive the city's growth, with the sector accounting for 43.5% of the city's GDP in the first quarter of 2025, its highest share in five years. According to data released by the Guangzhou Municipal Industry and Information Technology Bureau, the value added by the private sector rose 4.6% year-on-year during the period under review.

Since the implementation of the city's new regulations supporting private enterprises on May 1, 2024, Guangzhou has seen the number of private business entities surpass 3.5 million. The city now leads all major Chinese urban centers in both the volume and growth rate of newly registered businesses.

The momentum has been bolstered by the recent nationwide rollout of the Private Economy Promotion Law. Guangzhou is leveraging legislation, targeted policies, and enhanced services to cultivate a healthier and higher-quality development environment for private firms.

Policy innovations include flexible land leasing, industrial property subdivision, and expedited project approvals. The government-backed financial service platform, designed to help tech-focused SMEs access loans quickly and easily, has facilitated over 270 billion yuan in lending and, through risk compensation, reduced nearly 100 million yuan in taxes and fees for these enterprises.

On the innovation front, the city attracted key resources such as capital, projects, talent, and infrastructure to private enterprises. In 2024 alone, Guangzhou nurtured 106 nationally recognized "Little Giant" specialized firms and saw six private companies go public domestically and abroad. Emerging industries, including new materials and precision manufacturing, are expanding their presence in the city.